https://www.taxtmi.com/caselaws?id=340449 The Tribunal partly allowed the appeals, sustaining the addition of Rs. 3,68,605/- (comprising Rs. 1,68,605/- as GP and Rs. 2,00,000/- as seed capital) and directed the AO to recompute the penalty accordingly. The Tribunal's decision reflects a balanced approach, considering both the assessee's inability to substantiate claims and the need for a reasonable estimation of unaccounted income. en-us Thu, 16 Mar 2017 00:00:00 +0530 Wed, 22 Mar 2017 08:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340449 The Tribunal partly allowed the appeals, sustaining the addition of Rs. 3,68,605/- (comprising Rs. 1,68,605/- as GP and Rs. 2,00,000/- as seed capital) and directed the AO to recompute the penalty accordingly. The Tribunal's decision reflects a balanced approach, considering both the assessee's inability to substantiate claims and the need for a reasonable estimation of unaccounted income. Case-Laws Income Tax Thu, 16 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340449