https://www.taxtmi.com/caselaws?id=422035 The Tribunal dismissed the validity of the order ground as not pressed. It upheld the rejection of the closing stock valuation but found the estimated unaccounted profit excessive. The Tribunal directed a 10% unaccounted profit rate on sales, allowing a set-off for declared gross profit. The appeal was partly allowed, granting substantial relief to the appellant. en-us Wed, 04 May 2022 00:00:00 +0530 Sat, 07 May 2022 06:35:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422035 The Tribunal dismissed the validity of the order ground as not pressed. It upheld the rejection of the closing stock valuation but found the estimated unaccounted profit excessive. The Tribunal directed a 10% unaccounted profit rate on sales, allowing a set-off for declared gross profit. The appeal was partly allowed, granting substantial relief to the appellant. Case-Laws Income Tax Wed, 04 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422035