https://www.taxtmi.com/caselaws?id=279307 The Tribunal dismissed the revenue's appeal and the assessee's cross-objection, affirming the estimation of net profit at 10% on total receipts. The Tribunal observed discrepancies in the A.O.'s disallowance of entire receipts as unexplained income u/s. 69A and upheld ld. C.I.T.(A)'s estimation of net profit at 10% on disclosed and undisclosed receipts due to lack of proper records and evidence. en-us Fri, 22 Jul 2011 00:00:00 +0530 Tue, 12 Mar 2019 14:46:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279307 The Tribunal dismissed the revenue's appeal and the assessee's cross-objection, affirming the estimation of net profit at 10% on total receipts. The Tribunal observed discrepancies in the A.O.'s disallowance of entire receipts as unexplained income u/s. 69A and upheld ld. C.I.T.(A)'s estimation of net profit at 10% on disclosed and undisclosed receipts due to lack of proper records and evidence. Case-Laws Income Tax Fri, 22 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279307