https://www.taxtmi.com/caselaws?id=290633 The tribunal partially allowed the appellant's claim by providing credit for cash deposits between bank accounts but rejected the contention regarding cash deposits from old debtors. The tribunal directed the Assessing Officer to give further credit of Rs. 10.00 lakhs and apply a net profit rate of 6% instead of 8.33% on the enhanced turnover. Additionally, the tribunal allowed credit for closing stock and cash balance based on VAT return filings. Overall, the tribunal modified the additions made by the Assessing Officer and CIT(A), partially allowing the appeal. en-us Tue, 02 Apr 2019 00:00:00 +0530 Wed, 07 Oct 2020 19:06:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290633 The tribunal partially allowed the appellant's claim by providing credit for cash deposits between bank accounts but rejected the contention regarding cash deposits from old debtors. The tribunal directed the Assessing Officer to give further credit of Rs. 10.00 lakhs and apply a net profit rate of 6% instead of 8.33% on the enhanced turnover. Additionally, the tribunal allowed credit for closing stock and cash balance based on VAT return filings. Overall, the tribunal modified the additions made by the Assessing Officer and CIT(A), partially allowing the appeal. Case-Laws Income Tax Tue, 02 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290633