https://www.taxtmi.com/caselaws?id=30511 HC held that entire sale proceeds cannot be treated as assessee's profit or undisclosed income; instead the net profit rate must be applied when assessing undisclosed sales. The court clarified that a portion of prior quotation relied upon by the Tribunal was from another High Court and not the operative part of this HC's judgment. Question framed was answered in favour of the assessee and against the Revenue, and the appeal was allowed. en-us Wed, 31 Oct 2007 00:00:00 +0530 Fri, 12 Sep 2025 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30511 HC held that entire sale proceeds cannot be treated as assessee's profit or undisclosed income; instead the net profit rate must be applied when assessing undisclosed sales. The court clarified that a portion of prior quotation relied upon by the Tribunal was from another High Court and not the operative part of this HC's judgment. Question framed was answered in favour of the assessee and against the Revenue, and the appeal was allowed. Case-Laws Income Tax Wed, 31 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30511