https://www.taxtmi.com/caselaws?id=346548 The Tribunal directed the Assessing Officer to estimate the net profit at 5% on total purchases net of all deductions in the liquor trade business for AY 2011-12. The addition of unexplained investment was upheld due to lack of satisfactory explanation, while the addition towards other income was set aside as part of the estimated business income. The appeal was partly allowed by the Tribunal. en-us Wed, 26 Jul 2017 00:00:00 +0530 Fri, 18 Aug 2017 08:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346548 The Tribunal directed the Assessing Officer to estimate the net profit at 5% on total purchases net of all deductions in the liquor trade business for AY 2011-12. The addition of unexplained investment was upheld due to lack of satisfactory explanation, while the addition towards other income was set aside as part of the estimated business income. The appeal was partly allowed by the Tribunal. Case-Laws Income Tax Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346548