https://www.taxtmi.com/caselaws?id=389051 The Tribunal allowed the appeal, directing the deletion of additions related to the estimation of gross profit and excess commission disallowance. It emphasized the importance of clear findings and evidence before making adjustments, highlighting the lack of proper enquiry by the Assessing Officer in estimating profit and disallowing commission without sufficient verification. The Tribunal concluded that the Assessing Officer's actions were based on conjectures and lacked concrete evidence, underscoring the necessity for considering commercial expediency in business decisions. en-us Wed, 27 Nov 2019 00:00:00 +0530 Fri, 29 Nov 2019 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389051 The Tribunal allowed the appeal, directing the deletion of additions related to the estimation of gross profit and excess commission disallowance. It emphasized the importance of clear findings and evidence before making adjustments, highlighting the lack of proper enquiry by the Assessing Officer in estimating profit and disallowing commission without sufficient verification. The Tribunal concluded that the Assessing Officer's actions were based on conjectures and lacked concrete evidence, underscoring the necessity for considering commercial expediency in business decisions. Case-Laws Income Tax Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389051