https://www.taxtmi.com/caselaws?id=343177 The tribunal partly allowed the department's appeals by modifying the CIT(A)'s order to estimate the gross profit at 12.5% instead of 10%. The tribunal dismissed the department's appeal regarding the addition of outstanding creditors under Section 41(1) and upheld the CIT(A)'s deletion of the addition. The assessee's appeal regarding disallowance under Section 40A(3A) was dismissed as it was not pressed. en-us Thu, 18 May 2017 00:00:00 +0530 Fri, 19 May 2017 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343177 The tribunal partly allowed the department's appeals by modifying the CIT(A)'s order to estimate the gross profit at 12.5% instead of 10%. The tribunal dismissed the department's appeal regarding the addition of outstanding creditors under Section 41(1) and upheld the CIT(A)'s deletion of the addition. The assessee's appeal regarding disallowance under Section 40A(3A) was dismissed as it was not pressed. Case-Laws Income Tax Thu, 18 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343177