https://www.taxtmi.com/caselaws?id=398646 The Tribunal dismissed the appeal by the assessee and allowed the appeal by the Department. It held that the AO was correct in making the addition based on the assessee's voluntary consent and the Settlement Commission's order for the preceding assessment years. The Tribunal also found that the CIT(A) had erred in granting part relief to the assessee in a non-maintainable appeal. Thus, the Tribunal set aside the CIT(A)'s order and upheld the AO's estimation of the gross profit rate at 56%. en-us Thu, 17 Sep 2020 00:00:00 +0530 Mon, 21 Sep 2020 11:57:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398646 The Tribunal dismissed the appeal by the assessee and allowed the appeal by the Department. It held that the AO was correct in making the addition based on the assessee's voluntary consent and the Settlement Commission's order for the preceding assessment years. The Tribunal also found that the CIT(A) had erred in granting part relief to the assessee in a non-maintainable appeal. Thus, the Tribunal set aside the CIT(A)'s order and upheld the AO's estimation of the gross profit rate at 56%. Case-Laws Income Tax Thu, 17 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398646