TMI Blog2018 (5) TMI 1094X X X X Extracts X X X X X X X X Extracts X X X X ..... income at the rate of 25% of the unaccounted sales as against 30% assessed by the Assessing Officer. Thus, the Commissioner committed no error at all. In fact, the Tribunal also examined the entire issue and concurred with the view of the Commissioner (Appeals) by giving reasons. When the Tribunal has confirmed the view of the Commissioner of Income Tax (Appeals), this by itself should not create ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he present case is with respect to the additions made by the Assessing Officer and partially sustained by the Commissioner (Appeals). It was found that the assessee was indulging in unaccounted income. The Assessing Officer was of the opinion that the profit ratio in such unaccounted sales would be normally higher than in the normal sales reflected in the accounts. He assessed the assessee's p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s income at 25% of the gross profit rate. 3. Having perused the documents on record, we find that the assessee's offer was 20% of the unaccounted sales be treated as the assessee's additional income. The Appellate Commissioner examined this offer in proper prospective and estimated the assessee's additional income at the rate of 25% of the unaccounted sales as against 30% assessed b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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