https://www.taxtmi.com/caselaws?id=367953 The Tribunal partially allowed the appeals for Assessment Years 2004-05 and 2005-06, directing the Assessing Officer to apply a 2% gross profit ratio for the unaccounted sales of the assessee in the jewelry trading business. The addition of Rs. 75,965 made by the Assessing Officer and confirmed by the CIT(A) was upheld, and the Tribunal dismissed the appeal on this ground. The Tribunal also directed the Assessing Officer to tax the income of the assessee at 2% of unaccounted sales due to insufficient documentation provided by the assessee. en-us Tue, 25 Sep 2018 00:00:00 +0530 Fri, 28 Sep 2018 09:13:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367953 The Tribunal partially allowed the appeals for Assessment Years 2004-05 and 2005-06, directing the Assessing Officer to apply a 2% gross profit ratio for the unaccounted sales of the assessee in the jewelry trading business. The addition of Rs. 75,965 made by the Assessing Officer and confirmed by the CIT(A) was upheld, and the Tribunal dismissed the appeal on this ground. The Tribunal also directed the Assessing Officer to tax the income of the assessee at 2% of unaccounted sales due to insufficient documentation provided by the assessee. Case-Laws Income Tax Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367953