https://www.taxtmi.com/caselaws?id=401152 The Tribunal partly allowed the appeals, directing the AO to re-examine issues related to the estimation of net profit on undisclosed receipts and verification of alleged unsecured loans. The Tribunal upheld decisions regarding the nature of advance receipts from OCAC and undisclosed receipts from Hindustan Unilever Ltd. The CIT(A) partially allowed the appeal, calculating the income of the assessee at Rs. 68,71,709 and providing relief of Rs. 3,54,93,949. The AO's additions were challenged and some were deleted, with certain issues remitted back for further verification and appropriate orders. en-us Thu, 26 Nov 2020 00:00:00 +0530 Fri, 27 Nov 2020 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401152 The Tribunal partly allowed the appeals, directing the AO to re-examine issues related to the estimation of net profit on undisclosed receipts and verification of alleged unsecured loans. The Tribunal upheld decisions regarding the nature of advance receipts from OCAC and undisclosed receipts from Hindustan Unilever Ltd. The CIT(A) partially allowed the appeal, calculating the income of the assessee at Rs. 68,71,709 and providing relief of Rs. 3,54,93,949. The AO's additions were challenged and some were deleted, with certain issues remitted back for further verification and appropriate orders. Case-Laws Income Tax Thu, 26 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401152