https://www.taxtmi.com/caselaws?id=196414 The High Court upheld the Tribunal's decision, directing the Assessing Officer to recalculate the undisclosed income by adopting a 7.5% weight gain in the soap manufacturing process instead of 15%. The Court found the Tribunal's decision on interest income addition and accounting basis for interest calculation to be just and proper, leading to the dismissal of the Department's appeals and the disposal of cross-objections in favor of the assessee. en-us Wed, 14 Sep 2016 00:00:00 +0530 Wed, 29 Nov 2017 21:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196414 The High Court upheld the Tribunal's decision, directing the Assessing Officer to recalculate the undisclosed income by adopting a 7.5% weight gain in the soap manufacturing process instead of 15%. The Court found the Tribunal's decision on interest income addition and accounting basis for interest calculation to be just and proper, leading to the dismissal of the Department's appeals and the disposal of cross-objections in favor of the assessee. Case-Laws Income Tax Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196414