https://www.taxtmi.com/caselaws?id=461460 The SC/Tribunal addressed three key tax assessment issues: undisclosed receipts, loan additions, and unexplained cash credits. The court applied a nuanced approach, remanding each issue to the Assessing Officer for recalculation. Using precedent-based reasoning, the tribunal allowed gross profit calculations at 18.82%, permitted telescoping of loan additions, and granted an opportunity to submit additional evidence for unexplained cash credits. en-us Fri, 03 May 2019 00:00:00 +0530 Tue, 08 Apr 2025 08:28:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461460 The SC/Tribunal addressed three key tax assessment issues: undisclosed receipts, loan additions, and unexplained cash credits. The court applied a nuanced approach, remanding each issue to the Assessing Officer for recalculation. Using precedent-based reasoning, the tribunal allowed gross profit calculations at 18.82%, permitted telescoping of loan additions, and granted an opportunity to submit additional evidence for unexplained cash credits. Case-Laws Income Tax Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461460