In the result, both the appeals of the assessee are dismissed
Bench: Shri Rajpal Yadav & Shri Girish Agrawalassessment Year: 2010-11 & Assessment Year: 2011-12
69,026/- was taken Bimal Paul, AYs: 2010-11 & 2011-12 as the suppressed sale. To this figure, the Assessing Officer applied the gross profit rate of 4.11 percent (borrowed from the profit rate reflected by the appellant himself in his accounts) for determining the undisclosed profit. Secondly, the investment made by the appellant from undisclosed sources was determined