https://www.taxtmi.com/caselaws?id=369058 The Tribunal allowed the appeal regarding the disallowance of Rs. 2,48,927 for the difference in physical stock, reversed the addition of Rs. 1,66,47,490 for unaccounted stock in gold ornaments to only include net profit, and directed to add only net profit on unexplained investment in gold ornaments, reducing it to Rs. 84,79,547. The Tribunal also deleted the addition of Rs. 19,11,270 based on estimated Gross Profit, as the books of accounts were found to be maintained. Both appeals by the assessee were partly allowed. en-us Wed, 03 Oct 2018 00:00:00 +0530 Sat, 20 Oct 2018 09:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369058 The Tribunal allowed the appeal regarding the disallowance of Rs. 2,48,927 for the difference in physical stock, reversed the addition of Rs. 1,66,47,490 for unaccounted stock in gold ornaments to only include net profit, and directed to add only net profit on unexplained investment in gold ornaments, reducing it to Rs. 84,79,547. The Tribunal also deleted the addition of Rs. 19,11,270 based on estimated Gross Profit, as the books of accounts were found to be maintained. Both appeals by the assessee were partly allowed. Case-Laws Income Tax Wed, 03 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369058