https://www.taxtmi.com/caselaws?id=375272 The Tribunal upheld the CIT(A)'s decision to restrict additions based on actual unaccounted sales recorded in seized documents, rejecting the Revenue's appeal. The rejection of regular books of account and use of Gross Profit rate for estimating income were also affirmed. The Tribunal directed the AO to adjust tax credit once the Supreme Court determines ownership of the seized documents. The assessee's cross-objections were partially allowed. en-us Thu, 14 Feb 2019 00:00:00 +0530 Sat, 30 Mar 2019 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375272 The Tribunal upheld the CIT(A)'s decision to restrict additions based on actual unaccounted sales recorded in seized documents, rejecting the Revenue's appeal. The rejection of regular books of account and use of Gross Profit rate for estimating income were also affirmed. The Tribunal directed the AO to adjust tax credit once the Supreme Court determines ownership of the seized documents. The assessee's cross-objections were partially allowed. Case-Laws Income Tax Thu, 14 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375272