https://www.taxtmi.com/caselaws?id=61041 The Tribunal partly allowed the assessee's appeal by reducing additions and dismissing the Revenue's appeal. The Tribunal directed the Assessing Officer to recompute additions and interest in line with its findings. Notably, the Tribunal applied a lower GP rate, reduced unaccounted stock addition, and estimated income based on a percentage of sales for a specific period. The issue of a significant protective addition was remanded for fresh adjudication due to destroyed evidence. Interest under sections 234A and 234B was upheld as mandatory but ordered to be charged post-appeal effect. en-us Fri, 28 Nov 1997 00:00:00 +0530 Mon, 10 Jan 2011 15:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61041 The Tribunal partly allowed the assessee's appeal by reducing additions and dismissing the Revenue's appeal. The Tribunal directed the Assessing Officer to recompute additions and interest in line with its findings. Notably, the Tribunal applied a lower GP rate, reduced unaccounted stock addition, and estimated income based on a percentage of sales for a specific period. The issue of a significant protective addition was remanded for fresh adjudication due to destroyed evidence. Interest under sections 234A and 234B was upheld as mandatory but ordered to be charged post-appeal effect. Case-Laws Income Tax Fri, 28 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61041