https://www.taxtmi.com/caselaws?id=390229 The Tribunal ruled in favor of the appellant on all three issues, directing the deletion of the additions made by the lower authorities. The appellant successfully argued against the method of estimating profits, the addition related to closing stock without considering opening stock, and the unexplained investment amount. The Tribunal emphasized the appellant's compliance with statutory provisions and the sufficient explanation provided for the sources of income and funds. en-us Tue, 24 Dec 2019 00:00:00 +0530 Thu, 26 Dec 2019 07:26:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390229 The Tribunal ruled in favor of the appellant on all three issues, directing the deletion of the additions made by the lower authorities. The appellant successfully argued against the method of estimating profits, the addition related to closing stock without considering opening stock, and the unexplained investment amount. The Tribunal emphasized the appellant's compliance with statutory provisions and the sufficient explanation provided for the sources of income and funds. Case-Laws Income Tax Tue, 24 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390229