https://www.taxtmi.com/caselaws?id=387849 The Tribunal partially allowed the appeal, directing a fresh examination by the Assessing Officer for the addition of unexplained credit in partners' capital accounts, setting aside the rejection of books of accounts, adjusting the notional profit percentage applied, deleting the unnecessary addition under section 44AE, and addressing the calculation of assessed income by setting off disclosed income against revised profit amount. Detailed directions were provided for reassessment to ensure accuracy in determining the assessee's income. en-us Thu, 31 Oct 2019 00:00:00 +0530 Sat, 02 Nov 2019 20:51:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387849 The Tribunal partially allowed the appeal, directing a fresh examination by the Assessing Officer for the addition of unexplained credit in partners' capital accounts, setting aside the rejection of books of accounts, adjusting the notional profit percentage applied, deleting the unnecessary addition under section 44AE, and addressing the calculation of assessed income by setting off disclosed income against revised profit amount. Detailed directions were provided for reassessment to ensure accuracy in determining the assessee's income. Case-Laws Income Tax Thu, 31 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387849