2018 (7) TMI 1304 - SCH - Income Tax

GP estimation - Tribunal reducing GP rate to 6% as determined by Settlement Commission at 8% - Allowing telescoping of income - whether undisclosed income of the assessee shown in the form of income from forfeiture of advances from customers and cessation of trading liability was not from trading activity. - Held that - The special leave petition is dismissed on the ground of delay.