https://www.taxtmi.com/caselaws?id=401494 The Tribunal upheld the CIT(A)'s decisions to restrict additions to the estimated profit from unverified purchases, based on the gross profit rates declared by the assessee and upheld in previous Tribunal decisions. The revenue's appeals were dismissed for all assessment years (A.Y. 2009-10, A.Y. 2011-12, A.Y. 2012-13, and A.Y. 2013-14), with the Tribunal finding the methodology for estimating profit to be logical and fair. en-us Wed, 11 Nov 2020 00:00:00 +0530 Tue, 08 Dec 2020 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401494 The Tribunal upheld the CIT(A)'s decisions to restrict additions to the estimated profit from unverified purchases, based on the gross profit rates declared by the assessee and upheld in previous Tribunal decisions. The revenue's appeals were dismissed for all assessment years (A.Y. 2009-10, A.Y. 2011-12, A.Y. 2012-13, and A.Y. 2013-14), with the Tribunal finding the methodology for estimating profit to be logical and fair. Case-Laws Income Tax Wed, 11 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401494