https://www.taxtmi.com/caselaws?id=56375 The ITAT set aside the CIT(A) order regarding the addition of Rs. 31,835 on account of low gross profit rate, directing reconsideration by the ITO to allow the assessee to substantiate with relevant documents. The issue of addition related to interest on debit balances of partners was not addressed by the CIT(A) and was advised to be pursued through appropriate legal avenues. The appeal was partly allowed for statistical purposes, with the main ground being allowed for reconsideration by the ITO. en-us Mon, 07 Aug 1989 00:00:00 +0530 Fri, 03 Dec 2010 13:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56375 The ITAT set aside the CIT(A) order regarding the addition of Rs. 31,835 on account of low gross profit rate, directing reconsideration by the ITO to allow the assessee to substantiate with relevant documents. The issue of addition related to interest on debit balances of partners was not addressed by the CIT(A) and was advised to be pursued through appropriate legal avenues. The appeal was partly allowed for statistical purposes, with the main ground being allowed for reconsideration by the ITO. Case-Laws Income Tax Mon, 07 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56375