https://www.taxtmi.com/caselaws?id=401295 The ITAT Kolkata allowed the appeal of the assessee, directing the AO to compute the tax based on the re-casted export sale account showing a net profit of Rs. 6,70,968 at 21.5%. The judgment highlighted discrepancies in reported turnover, import purchases, and undisclosed income, emphasizing the importance of proper documentation and accurate financial reporting in tax assessments. en-us Fri, 14 Aug 2020 00:00:00 +0530 Fri, 04 Dec 2020 08:03:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401295 The ITAT Kolkata allowed the appeal of the assessee, directing the AO to compute the tax based on the re-casted export sale account showing a net profit of Rs. 6,70,968 at 21.5%. The judgment highlighted discrepancies in reported turnover, import purchases, and undisclosed income, emphasizing the importance of proper documentation and accurate financial reporting in tax assessments. Case-Laws Income Tax Fri, 14 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401295