https://www.taxtmi.com/caselaws?id=286607 The Appellate Tribunal allowed both appeals by the Assessee against the CIT(A) orders for A.Y. 2006-07 and 2007-08. The Tribunal ruled that once an estimation of net profit was made, no further addition for admitted income was justified. The decision emphasized the proper treatment of undisclosed income and restricted the scope of additional income enhancements, ensuring a fair assessment process for the Assessee. en-us Fri, 18 Sep 2015 00:00:00 +0530 Fri, 06 Mar 2020 10:45:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286607 The Appellate Tribunal allowed both appeals by the Assessee against the CIT(A) orders for A.Y. 2006-07 and 2007-08. The Tribunal ruled that once an estimation of net profit was made, no further addition for admitted income was justified. The decision emphasized the proper treatment of undisclosed income and restricted the scope of additional income enhancements, ensuring a fair assessment process for the Assessee. Case-Laws Income Tax Fri, 18 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286607