https://www.taxtmi.com/caselaws?id=430247 The Tribunal partly allowed the appeal for Assessment Year 2010-11, confirming additions for undisclosed income and excess wastage of bricks but providing relief by recalculating income based on a net profit rate. The Tribunal dismissed challenges to the validity of the assessment order, upheld additions totaling Rs. 6,09,627 for undisclosed income, and confirmed an income of Rs. 69,347 for excess wastage of bricks. The decision aimed to achieve a fair outcome by considering all aspects of the case and balancing the interests of both parties. en-us Fri, 11 Nov 2022 00:00:00 +0530 Mon, 14 Nov 2022 22:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430247 The Tribunal partly allowed the appeal for Assessment Year 2010-11, confirming additions for undisclosed income and excess wastage of bricks but providing relief by recalculating income based on a net profit rate. The Tribunal dismissed challenges to the validity of the assessment order, upheld additions totaling Rs. 6,09,627 for undisclosed income, and confirmed an income of Rs. 69,347 for excess wastage of bricks. The decision aimed to achieve a fair outcome by considering all aspects of the case and balancing the interests of both parties. Case-Laws Income Tax Fri, 11 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430247