https://www.taxtmi.com/caselaws?id=56172 The CIT (Appeals) was justified in deleting the addition of Rs. 10,85,003 made on account of unaccounted cash sales. However, the Gross Profit rate should be applied on the entire sales amount, and the ITO was directed to apply a rate of 2.36% on this amount to calculate the addition. The appeal was allowed in part, with the majority view upholding the deletion of the addition but directing the application of the Gross Profit rate on the entire unaccounted sales. en-us Fri, 16 Jun 1995 00:00:00 +0530 Mon, 24 Jun 2013 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56172 The CIT (Appeals) was justified in deleting the addition of Rs. 10,85,003 made on account of unaccounted cash sales. However, the Gross Profit rate should be applied on the entire sales amount, and the ITO was directed to apply a rate of 2.36% on this amount to calculate the addition. The appeal was allowed in part, with the majority view upholding the deletion of the addition but directing the application of the Gross Profit rate on the entire unaccounted sales. Case-Laws Income Tax Fri, 16 Jun 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56172