https://www.taxtmi.com/caselaws?id=369470 The Tribunal partly allowed the assessee's appeal by directing the AO to estimate the income at 5% of the goods sold and deleting the enhancement made by the CIT(A) under Section 68. The Tribunal emphasized that the CIT(A) cannot enhance the assessment by discovering new sources of income not considered by the AO. en-us Wed, 24 Oct 2018 00:00:00 +0530 Mon, 29 Oct 2018 07:47:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369470 The Tribunal partly allowed the assessee's appeal by directing the AO to estimate the income at 5% of the goods sold and deleting the enhancement made by the CIT(A) under Section 68. The Tribunal emphasized that the CIT(A) cannot enhance the assessment by discovering new sources of income not considered by the AO. Case-Laws Income Tax Wed, 24 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369470