https://www.taxtmi.com/caselaws?id=298889 The stay applications became infructuous as the Revenue had already recovered the demand, leading to the appeals being heard on merits. The undisclosed income from significant deposits in a bank account was added to the assessee's income. The Tribunal ruled that only the profit element from undisclosed sales should be taxed, applying a 10% GP to the income for the assessment years 2009-10 to 2011-12, partially allowing the appeals. en-us Fri, 18 Jan 2019 00:00:00 +0530 Fri, 26 Nov 2021 09:18:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298889 The stay applications became infructuous as the Revenue had already recovered the demand, leading to the appeals being heard on merits. The undisclosed income from significant deposits in a bank account was added to the assessee's income. The Tribunal ruled that only the profit element from undisclosed sales should be taxed, applying a 10% GP to the income for the assessment years 2009-10 to 2011-12, partially allowing the appeals. Case-Laws Income Tax Fri, 18 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298889