https://www.taxtmi.com/caselaws?id=284381 The ITAT partially allowed the assessee's appeal, confirming certain additions while directing adjustments for others. The disallowance of ad hoc expenses was upheld, with net profit estimated at 25% of gross commission. The disallowance of cash discounts given to customers was also confirmed. An addition to undisclosed sources of income and business income was partially sustained, with net profit estimated at 25% and 1.5% of declared sales, respectively. The addition to undisclosed sales was confirmed without specific elaboration in the ITAT's judgment. en-us Fri, 08 Sep 2017 00:00:00 +0530 Fri, 15 Nov 2019 11:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284381 The ITAT partially allowed the assessee's appeal, confirming certain additions while directing adjustments for others. The disallowance of ad hoc expenses was upheld, with net profit estimated at 25% of gross commission. The disallowance of cash discounts given to customers was also confirmed. An addition to undisclosed sources of income and business income was partially sustained, with net profit estimated at 25% and 1.5% of declared sales, respectively. The addition to undisclosed sales was confirmed without specific elaboration in the ITAT's judgment. Case-Laws Income Tax Fri, 08 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284381