https://www.taxtmi.com/caselaws?id=55372 The Tribunal dismissed the additional ground raised by the assessee regarding the determination of tax amount in the assessment order, emphasizing that the omission of tax computation did not invalidate the assessment. The dispute over the computation of gross profit was resolved in favor of the assessee, with the Tribunal accepting the disclosed gross profit percentage as reasonable and deleting the addition made by the Income Tax Officer. The disallowance of expenditure towards tea and Pan Bidi was found unsustainable, leading to the deletion of the specific amount. The Tribunal also deleted the unnecessary addition in the ready-made garments account, partially allowing the appeal in favor of the assessee. en-us Wed, 06 Jun 1979 00:00:00 +0530 Fri, 26 Nov 2010 16:30:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55372 The Tribunal dismissed the additional ground raised by the assessee regarding the determination of tax amount in the assessment order, emphasizing that the omission of tax computation did not invalidate the assessment. The dispute over the computation of gross profit was resolved in favor of the assessee, with the Tribunal accepting the disclosed gross profit percentage as reasonable and deleting the addition made by the Income Tax Officer. The disallowance of expenditure towards tea and Pan Bidi was found unsustainable, leading to the deletion of the specific amount. The Tribunal also deleted the unnecessary addition in the ready-made garments account, partially allowing the appeal in favor of the assessee. Case-Laws Income Tax Wed, 06 Jun 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55372