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2003 (9) TMI 15 - HC - Income TaxAddition made on account of unexplained investment representing unrecorded sales – Additions being the profit earned on the undisclosed investment - Assessing Officer came to the conclusion that the assessee had concealed its sales and had received back the amounts from various parties after discounting the drafts -Commissioner deleted both the additions holding that since no evidence was on record to suggest that the alleged unaccounted money brought from Coimbatore, had been invested anywhere, there was no need to have the drafts issued by involving various persons – Tribunal uphold the order of Commissioner - The conclusion of the Tribunal is purely based on appreciation of evidence and is essentially one of fact - Revenue appeal dismissed
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