https://www.taxtmi.com/caselaws?id=366735 The Income Tax Appellate Tribunal (ITAT) partially allowed the assessee's appeal by directing the Assessing Officer to estimate income at 10% of the undisclosed turnover. The ITAT also upheld the deletion of the addition for unexplained investment in land. The ITAT emphasized the need for realistic profit estimation and the requirement of incriminating evidence for additions in search cases. The revenue's appeals were dismissed in this case. en-us Fri, 07 Sep 2018 00:00:00 +0530 Mon, 10 Sep 2018 08:16:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366735 The Income Tax Appellate Tribunal (ITAT) partially allowed the assessee's appeal by directing the Assessing Officer to estimate income at 10% of the undisclosed turnover. The ITAT also upheld the deletion of the addition for unexplained investment in land. The ITAT emphasized the need for realistic profit estimation and the requirement of incriminating evidence for additions in search cases. The revenue's appeals were dismissed in this case. Case-Laws Income Tax Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366735