https://www.taxtmi.com/caselaws?id=282976 The Tribunal upheld the reopening of assessment under Section 148 based on unaccounted sales, rejected unreliable sales figures, recalculated income based on cost of goods sold, adjusted gross profit ratios for various assessment years, and allowed deductions for free book distribution. The Tribunal emphasized accurate calculations, upheld natural justice principles, and partially allowed the assessee's appeals while dismissing Revenue's appeals. en-us Fri, 27 May 2016 00:00:00 +0530 Mon, 02 Sep 2019 16:19:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282976 The Tribunal upheld the reopening of assessment under Section 148 based on unaccounted sales, rejected unreliable sales figures, recalculated income based on cost of goods sold, adjusted gross profit ratios for various assessment years, and allowed deductions for free book distribution. The Tribunal emphasized accurate calculations, upheld natural justice principles, and partially allowed the assessee's appeals while dismissing Revenue's appeals. Case-Laws Income Tax Fri, 27 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282976