https://www.taxtmi.com/caselaws?id=385782 The appeals of the assessee for the assessment years 1998-99 to 2004-05 were partly allowed, with issues remanded back to the Assessing Officer for re-computation. The Tribunal ruled in favor of the assessee on various issues including gross profit additions on unrecorded sales, unexplained expenditure under Section 69C, unexplained investments under Section 69B, and the telescopic effect of additions. Penalties under Section 271(1)(c) were set aside for the assessment years 1998-99 to 2000-01 due to discrepancies in charges. en-us Tue, 03 Sep 2019 00:00:00 +0530 Fri, 13 Sep 2019 07:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385782 The appeals of the assessee for the assessment years 1998-99 to 2004-05 were partly allowed, with issues remanded back to the Assessing Officer for re-computation. The Tribunal ruled in favor of the assessee on various issues including gross profit additions on unrecorded sales, unexplained expenditure under Section 69C, unexplained investments under Section 69B, and the telescopic effect of additions. Penalties under Section 271(1)(c) were set aside for the assessment years 1998-99 to 2000-01 due to discrepancies in charges. Case-Laws Income Tax Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385782