https://www.taxtmi.com/caselaws?id=194766 The Tribunal upheld the AO's decision regarding the validity of the order based on the Special Auditors' report, citing the assessee's non-cooperative attitude. It also affirmed the AO's extension of time for special audit within the permissible limit. The Tribunal modified the approach on estimating undisclosed income and unrecorded sales by applying a reasonable profit rate. Additionally, it deleted additions for unrecorded investments and advances, disallowances under Section 40A(3), and trading additions, emphasizing the need for reasonable assessments. The Tribunal partly allowed the assessee's appeals and dismissed the revenue's appeals for certain assessment years. en-us Fri, 30 Dec 2011 00:00:00 +0530 Mon, 25 Sep 2017 15:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194766 The Tribunal upheld the AO's decision regarding the validity of the order based on the Special Auditors' report, citing the assessee's non-cooperative attitude. It also affirmed the AO's extension of time for special audit within the permissible limit. The Tribunal modified the approach on estimating undisclosed income and unrecorded sales by applying a reasonable profit rate. Additionally, it deleted additions for unrecorded investments and advances, disallowances under Section 40A(3), and trading additions, emphasizing the need for reasonable assessments. The Tribunal partly allowed the assessee's appeals and dismissed the revenue's appeals for certain assessment years. Case-Laws Income Tax Fri, 30 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194766