https://www.taxtmi.com/caselaws?id=274892 The Tribunal dismissed the Revenue's appeal, affirming the decisions of the Commissioner of Income-tax (Appeals) on both issues regarding suppressed sales and gross profit addition, as well as the disallowance under Section 40A(3). The Tribunal found the Assessing Officer's approach to adding suppressed sales as undeclared income to be excessive, supporting the Commissioner's limitation to gross profit addition. Additionally, the Tribunal upheld the deletion of the disallowance under Section 40A(3) based on the exemption provided by Rule 6DD(f)(ii). en-us Thu, 15 Dec 2011 00:00:00 +0530 Sat, 08 Sep 2018 13:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274892 The Tribunal dismissed the Revenue's appeal, affirming the decisions of the Commissioner of Income-tax (Appeals) on both issues regarding suppressed sales and gross profit addition, as well as the disallowance under Section 40A(3). The Tribunal found the Assessing Officer's approach to adding suppressed sales as undeclared income to be excessive, supporting the Commissioner's limitation to gross profit addition. Additionally, the Tribunal upheld the deletion of the disallowance under Section 40A(3) based on the exemption provided by Rule 6DD(f)(ii). Case-Laws Income Tax Thu, 15 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274892