https://www.taxtmi.com/caselaws?id=346547 The Tribunal partly allowed the appeal concerning the estimation of profit in the IMFL business, reducing the profit margin to 5% of the purchase price. However, the grounds related to unexplained expenditure and interest income were dismissed as the assessee failed to provide sufficient evidence to support their claims. The decision was based on the evidence presented and the application of relevant legal principles in each issue discussed during the proceedings. en-us Wed, 26 Jul 2017 00:00:00 +0530 Fri, 18 Aug 2017 08:41:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346547 The Tribunal partly allowed the appeal concerning the estimation of profit in the IMFL business, reducing the profit margin to 5% of the purchase price. However, the grounds related to unexplained expenditure and interest income were dismissed as the assessee failed to provide sufficient evidence to support their claims. The decision was based on the evidence presented and the application of relevant legal principles in each issue discussed during the proceedings. Case-Laws Income Tax Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346547