https://www.taxtmi.com/caselaws?id=395106 The Tribunal upheld the legitimacy and reliability of the survey statement, confirming that the diary contents were true and belonged to the assessee. It rejected the request for forensic examination of incriminating material and added only the profit element embedded in business receipts as unaccounted income. The Tribunal emphasized taxing only the net profit from gross receipts, not the entire amount, providing partial relief to the assessee by directing a lower tax rate. The appeal was partly allowed, with the order pronounced in Ahmedabad on 11/03/2020. en-us Wed, 11 Mar 2020 00:00:00 +0530 Wed, 06 May 2020 06:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395106 The Tribunal upheld the legitimacy and reliability of the survey statement, confirming that the diary contents were true and belonged to the assessee. It rejected the request for forensic examination of incriminating material and added only the profit element embedded in business receipts as unaccounted income. The Tribunal emphasized taxing only the net profit from gross receipts, not the entire amount, providing partial relief to the assessee by directing a lower tax rate. The appeal was partly allowed, with the order pronounced in Ahmedabad on 11/03/2020. Case-Laws Income Tax Wed, 11 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395106