https://www.taxtmi.com/caselaws?id=279306 The Revenue's appeal against the deletion of additions on on-money receipts for assessment years 2003-04, 2004-05, and 2006-07 was dismissed. The assessing officer's additions were reduced by the CIT(A) based on seized documents showing expenses, with only reasonable profit on on-money receipts being subject to tax. Following a Tribunal decision, 15% of the on-money receipts were taxed, resulting in specific additions for each assessment year. The CIT(A)'s order was upheld, and the Revenue's appeals were dismissed. en-us Fri, 10 May 2013 00:00:00 +0530 Tue, 12 Mar 2019 14:44:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279306 The Revenue's appeal against the deletion of additions on on-money receipts for assessment years 2003-04, 2004-05, and 2006-07 was dismissed. The assessing officer's additions were reduced by the CIT(A) based on seized documents showing expenses, with only reasonable profit on on-money receipts being subject to tax. Following a Tribunal decision, 15% of the on-money receipts were taxed, resulting in specific additions for each assessment year. The CIT(A)'s order was upheld, and the Revenue's appeals were dismissed. Case-Laws Income Tax Fri, 10 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279306