Tribunal held that alleged stock being part of business income. Only net profit of 12% on alleged income is directed to be estimated.(AY. 2011-12)
Sukumar Solvent (P.) Ltd. v. ACIT (2023) 200 ITD 614 (Kol (Trib.)
S. 69C : Unexplained expenditure-Excess stock-Survey-Addition is restricted only to profit element of stock.[S.133A]