https://www.taxtmi.com/caselaws?id=192938 The Tribunal allowed the appeal, directing the Assessing Officer to calculate income based on gross profit from clandestine sales, limiting additions to gross profit on undisclosed sales value or the higher rate declared by the assessee. The Tribunal emphasized the importance of following precedents related to Excise investigations in rolling mill cases and restricted enhancements to gross profit on clandestine goods' value, not on purchase investments. en-us Fri, 08 Jul 2016 00:00:00 +0530 Wed, 05 Jul 2017 10:45:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192938 The Tribunal allowed the appeal, directing the Assessing Officer to calculate income based on gross profit from clandestine sales, limiting additions to gross profit on undisclosed sales value or the higher rate declared by the assessee. The Tribunal emphasized the importance of following precedents related to Excise investigations in rolling mill cases and restricted enhancements to gross profit on clandestine goods' value, not on purchase investments. Case-Laws Income Tax Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192938