https://www.taxtmi.com/caselaws?id=415221 The Tribunal upheld the ld. Commissioner's decision regarding the non-application of section 69A of the Income Tax Act for the A.Y. 2015-16. It found that the Revenue Department's appeal lacked merit as the ld. Commissioner correctly determined that section 69A did not apply to the Assessee's case. Additionally, the Tribunal supported the profit estimation at 15% on unaccounted sale receipts based on a High Court judgment. The cross objection by the Assessee was dismissed as unnecessary. Consequently, both the appeal by the Revenue Department and the cross objection by the Assessee were dismissed, affirming the ld. Commissioner's order. en-us Thu, 23 Sep 2021 00:00:00 +0530 Tue, 30 Nov 2021 08:31:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415221 The Tribunal upheld the ld. Commissioner's decision regarding the non-application of section 69A of the Income Tax Act for the A.Y. 2015-16. It found that the Revenue Department's appeal lacked merit as the ld. Commissioner correctly determined that section 69A did not apply to the Assessee's case. Additionally, the Tribunal supported the profit estimation at 15% on unaccounted sale receipts based on a High Court judgment. The cross objection by the Assessee was dismissed as unnecessary. Consequently, both the appeal by the Revenue Department and the cross objection by the Assessee were dismissed, affirming the ld. Commissioner's order. Case-Laws Income Tax Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415221