https://www.taxtmi.com/caselaws?id=433745 The Tribunal partly allowed the appeal, directing the Assessing Officer to restrict the addition to 8% of the credit in the bank account. The judgment provided detailed analysis on the issues of reopening assessment validity, consideration of gross profit plea, and addition of peak credit balance as income, aligning with legal principles and precedents. en-us Mon, 30 Jan 2023 00:00:00 +0530 Tue, 07 Feb 2023 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433745 The Tribunal partly allowed the appeal, directing the Assessing Officer to restrict the addition to 8% of the credit in the bank account. The judgment provided detailed analysis on the issues of reopening assessment validity, consideration of gross profit plea, and addition of peak credit balance as income, aligning with legal principles and precedents. Case-Laws Income Tax Mon, 30 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433745