https://www.taxtmi.com/caselaws?id=274111 The Dispute Resolution member allowed the appeal, directing the Assessing Officer to delete the addition of unaccounted sales to the income. Emphasizing that unaccounted sales should be taxed as income only if proven, the member found no justification for adding the entire unaccounted sales amount to the declared income, especially considering the higher profit margin on unaccounted sales compared to regular sales. The member concluded that the Assessing Officer's action lacked factual and legal support, ultimately ruling in favor of the appellant. en-us Thu, 30 Nov 2017 00:00:00 +0530 Sun, 29 Jul 2018 11:40:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274111 The Dispute Resolution member allowed the appeal, directing the Assessing Officer to delete the addition of unaccounted sales to the income. Emphasizing that unaccounted sales should be taxed as income only if proven, the member found no justification for adding the entire unaccounted sales amount to the declared income, especially considering the higher profit margin on unaccounted sales compared to regular sales. The member concluded that the Assessing Officer's action lacked factual and legal support, ultimately ruling in favor of the appellant. Case-Laws Income Tax Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274111