https://www.taxtmi.com/caselaws?id=281754 The Tribunal partly allowed the assessee's appeals by reducing the additions based on a fair and reasonable profit rate of 9% on suppressed sales. The revenue's appeals were dismissed. The Tribunal stressed the significance of considering comparable cases and ensuring that profit estimations are backed by evidence and reasonable assumptions. en-us Fri, 09 Sep 2011 00:00:00 +0530 Fri, 05 Jul 2019 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281754 The Tribunal partly allowed the assessee's appeals by reducing the additions based on a fair and reasonable profit rate of 9% on suppressed sales. The revenue's appeals were dismissed. The Tribunal stressed the significance of considering comparable cases and ensuring that profit estimations are backed by evidence and reasonable assumptions. Case-Laws Income Tax Fri, 09 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281754