https://www.taxtmi.com/caselaws?id=61043 The Tribunal directed the application of a 1.9% G.P. rate in approving the rejection of trading results and the proviso to section 145(1), reducing additions for unaccounted stock and estimating net profit at 1.5%. Disallowance of expenses and depreciation was upheld, and interest under sections 234A and 234B was confirmed. An addition based on document No. 19 was deleted due to lack of evidence. The matter was referred back to the Division Bench for a majority opinion-based order, with the Third Member supporting the Accountant Member's decisions. en-us Wed, 10 Dec 1997 00:00:00 +0530 Mon, 10 Jan 2011 15:49:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61043 The Tribunal directed the application of a 1.9% G.P. rate in approving the rejection of trading results and the proviso to section 145(1), reducing additions for unaccounted stock and estimating net profit at 1.5%. Disallowance of expenses and depreciation was upheld, and interest under sections 234A and 234B was confirmed. An addition based on document No. 19 was deleted due to lack of evidence. The matter was referred back to the Division Bench for a majority opinion-based order, with the Third Member supporting the Accountant Member's decisions. Case-Laws Income Tax Wed, 10 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61043