https://www.taxtmi.com/caselaws?id=414272 The Tribunal partly allowed the quantum appeal for statistical purposes, directing a remand to the AO for estimation of income based on cash deposits and withdrawals. The Tribunal accepted income from the grocery business but raised doubts on income from the mini truck business. The penalty appeal was allowed for statistical purposes, with the Tribunal directing a reassessment by the AO following the quantum appeal decision. The order provided relief to the assessee in the quantum appeal and mandated a reassessment for the penalty appeal. en-us Thu, 28 Oct 2021 00:00:00 +0530 Mon, 01 Nov 2021 07:11:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414272 The Tribunal partly allowed the quantum appeal for statistical purposes, directing a remand to the AO for estimation of income based on cash deposits and withdrawals. The Tribunal accepted income from the grocery business but raised doubts on income from the mini truck business. The penalty appeal was allowed for statistical purposes, with the Tribunal directing a reassessment by the AO following the quantum appeal decision. The order provided relief to the assessee in the quantum appeal and mandated a reassessment for the penalty appeal. Case-Laws Income Tax Thu, 28 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414272