ITAT directs to compute addition towards 2% of Profit on Sale of Gold by assessee found during Search and Seizure [Read Order]

ITAT directs to compute addition towards - Profit on Sale of Gold by assessee found during Search and Seizure - TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Delhi  bench directed to compute addition towards 2% of profit on gold sold by assessee found during the course of search proceedings. During the  search & seizure operations at the premises of the assessee  Anoop Kumar Soni, certain documents had been found. Search records showed that gold of 120…

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