https://www.taxtmi.com/caselaws?id=352468 The Tribunal partially allowed the appeal, directing the AO to estimate the profit at 8% of the turnover, overturning the addition made under section 68 of the IT Act. The judgment emphasized the significance of providing evidence to support business activities and the procedural obligations in assessing income sources. en-us Thu, 28 Sep 2017 00:00:00 +0530 Thu, 14 Dec 2017 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352468 The Tribunal partially allowed the appeal, directing the AO to estimate the profit at 8% of the turnover, overturning the addition made under section 68 of the IT Act. The judgment emphasized the significance of providing evidence to support business activities and the procedural obligations in assessing income sources. Case-Laws Income Tax Thu, 28 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352468