https://www.taxtmi.com/caselaws?id=352320 The Tribunal partly allowed the appeal by modifying the profit estimation in the IMFL business to 5% of purchases, considering factors like license fees and selling limitations. Additionally, the Tribunal approved the addition towards unexplained expenditure as the assessee failed to explain the source of funds. The delay in filing the appeal was condoned, and the case was admitted for disposal on merits. en-us Fri, 05 May 2017 00:00:00 +0530 Tue, 12 Dec 2017 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352320 The Tribunal partly allowed the appeal by modifying the profit estimation in the IMFL business to 5% of purchases, considering factors like license fees and selling limitations. Additionally, the Tribunal approved the addition towards unexplained expenditure as the assessee failed to explain the source of funds. The delay in filing the appeal was condoned, and the case was admitted for disposal on merits. Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352320