https://www.taxtmi.com/caselaws?id=308580 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeals. The additions for unexplained cash credits, unexplained expenditure, and undisclosed sales receipts were deleted as they lacked incriminating material found during the search. 'On-money' receipts were to be taxed in the year of recognition in the books of account, with net profit estimated at 17.5%. The Assessee's appeal was dismissed as not pressed. en-us Fri, 04 Jun 2021 00:00:00 +0530 Wed, 05 Jul 2023 20:51:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308580 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeals. The additions for unexplained cash credits, unexplained expenditure, and undisclosed sales receipts were deleted as they lacked incriminating material found during the search. 'On-money' receipts were to be taxed in the year of recognition in the books of account, with net profit estimated at 17.5%. The Assessee's appeal was dismissed as not pressed. Case-Laws Income Tax Fri, 04 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308580