https://www.taxtmi.com/caselaws?id=344372 The Tribunal ruled in favor of the assessee, holding that the income offered in the hands of HUF cannot be assessed in the hands of the individual-assessee. The Gross Profit addition was deleted as the declared GP fell within a reasonable range. The addition made on account of the difference between sales shown in VAT return and regular books of accounts was limited to the GP on the excess sales as per the VAT return. The appeal was partly allowed in favor of the assessee. en-us Fri, 02 Jun 2017 00:00:00 +0530 Fri, 16 Jun 2017 09:03:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344372 The Tribunal ruled in favor of the assessee, holding that the income offered in the hands of HUF cannot be assessed in the hands of the individual-assessee. The Gross Profit addition was deleted as the declared GP fell within a reasonable range. The addition made on account of the difference between sales shown in VAT return and regular books of accounts was limited to the GP on the excess sales as per the VAT return. The appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Fri, 02 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344372