https://www.taxtmi.com/caselaws?id=435803 The Tribunal allowed the appeal filed by the assessee, overturning the order of the ld. CIT(A). It was held that additions based on estimated profits without rejecting audited accounts are unlawful. The assessing officer's addition was deemed improper as there was no evidence of undisclosed profit, leading to the deletion of the added amount. The Tribunal emphasized the necessity of proper evidence and adherence to legal principles in such cases. en-us Wed, 15 Mar 2023 00:00:00 +0530 Tue, 28 Mar 2023 08:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435803 The Tribunal allowed the appeal filed by the assessee, overturning the order of the ld. CIT(A). It was held that additions based on estimated profits without rejecting audited accounts are unlawful. The assessing officer's addition was deemed improper as there was no evidence of undisclosed profit, leading to the deletion of the added amount. The Tribunal emphasized the necessity of proper evidence and adherence to legal principles in such cases. Case-Laws Income Tax Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435803