https://www.taxtmi.com/caselaws?id=421234 The Tribunal allowed the appeal partially, restricting the addition to 5% of the undisclosed turnover, following the principle that only the embedded portion of profits should be considered for addition, not the entire turnover. This decision aligned with judgments from coordinate benches and aimed to ensure justice by basing the restriction on the net profit rate of the previous year. The Tribunal's ruling focused on addressing unaccounted sales discrepancies between the Assessee's books of account and Form No. 26AS for the Assessment Year 2014-15. en-us Tue, 12 Apr 2022 00:00:00 +0530 Tue, 19 Apr 2022 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421234 The Tribunal allowed the appeal partially, restricting the addition to 5% of the undisclosed turnover, following the principle that only the embedded portion of profits should be considered for addition, not the entire turnover. This decision aligned with judgments from coordinate benches and aimed to ensure justice by basing the restriction on the net profit rate of the previous year. The Tribunal's ruling focused on addressing unaccounted sales discrepancies between the Assessee's books of account and Form No. 26AS for the Assessment Year 2014-15. Case-Laws Income Tax Tue, 12 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421234