https://www.taxtmi.com/caselaws?id=427239 The Tribunal allowed the appeals for the assessment years 2012-13, 2013-14, and 2014-15. The additions made on account of alleged on-money and the application of a net profit rate of 17.5% were deleted. The Tribunal held that the statement of Mr. Devji Sorathia was unreliable, and there was no basis for the additions made by the Assessing Officer and Commissioner of Income Tax (Appeals). en-us Wed, 31 Aug 2022 00:00:00 +0530 Mon, 05 Sep 2022 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427239 The Tribunal allowed the appeals for the assessment years 2012-13, 2013-14, and 2014-15. The additions made on account of alleged on-money and the application of a net profit rate of 17.5% were deleted. The Tribunal held that the statement of Mr. Devji Sorathia was unreliable, and there was no basis for the additions made by the Assessing Officer and Commissioner of Income Tax (Appeals). Case-Laws Income Tax Wed, 31 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427239