https://www.taxtmi.com/caselaws?id=310363 The Tribunal remanded the issues of undisclosed stock and profit on undisclosed sales back to the Assessing Officer (A.O.) for reevaluation, emphasizing the need for proper assessment in line with Supreme Court guidance. The assessee's appeal was allowed for statistical purposes, while the revenue's appeal and the assessee's cross-objection were dismissed as infructuous. The decision underscores the necessity of thorough evaluation and adherence to legal principles in assessing undisclosed stock and sales profit. en-us Wed, 28 Feb 2018 00:00:00 +0530 Fri, 20 Oct 2023 10:16:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310363 The Tribunal remanded the issues of undisclosed stock and profit on undisclosed sales back to the Assessing Officer (A.O.) for reevaluation, emphasizing the need for proper assessment in line with Supreme Court guidance. The assessee's appeal was allowed for statistical purposes, while the revenue's appeal and the assessee's cross-objection were dismissed as infructuous. The decision underscores the necessity of thorough evaluation and adherence to legal principles in assessing undisclosed stock and sales profit. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310363