https://www.taxtmi.com/caselaws?id=192639 The appeal challenged the addition of notional interest on advances, which was dismissed as the advances were made for business purposes. The matter of differences in books of account was remanded for reconciliation. The addition on account of low profitability was upheld due to the assessee's agreement and lack of material to counter the findings. The appeal was partly allowed, with the decision issued in April 2011. en-us Fri, 29 Apr 2011 00:00:00 +0530 Thu, 08 Jun 2017 16:44:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192639 The appeal challenged the addition of notional interest on advances, which was dismissed as the advances were made for business purposes. The matter of differences in books of account was remanded for reconciliation. The addition on account of low profitability was upheld due to the assessee's agreement and lack of material to counter the findings. The appeal was partly allowed, with the decision issued in April 2011. Case-Laws Income Tax Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192639