https://www.taxtmi.com/caselaws?id=290910 The Tribunal deleted the addition of Rs. 1.75 crores to the income based on a survey statement due to lack of supporting evidence. For the suppression of gross profit, a moderate addition of Rs. 25 lakhs was directed instead of the initial Rs. 1,67,92,212. The issue of alleged unaccounted rent and service charges was remanded for fresh consideration to ensure consistency with previous decisions. The Tribunal's balanced judgment emphasized factual evidence and legal standards, resulting in adjustments to the additions made by the Assessing Officer. en-us Tue, 31 Aug 2010 00:00:00 +0530 Wed, 21 Oct 2020 16:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290910 The Tribunal deleted the addition of Rs. 1.75 crores to the income based on a survey statement due to lack of supporting evidence. For the suppression of gross profit, a moderate addition of Rs. 25 lakhs was directed instead of the initial Rs. 1,67,92,212. The issue of alleged unaccounted rent and service charges was remanded for fresh consideration to ensure consistency with previous decisions. The Tribunal's balanced judgment emphasized factual evidence and legal standards, resulting in adjustments to the additions made by the Assessing Officer. Case-Laws Income Tax Tue, 31 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290910