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2016 (10) TMI 356 - HC - Income TaxAddition towards unaccounted sales - Held that:- Considering the observation of the Assessing Officer where it is specifically observed that the assessee has not suppressed the investment on purchases and that no evidence relating to suppression of purchases was detected by the Excise Department. In that view of the matter, in view of the direction of this court, the Tribunal has committed error in sustaining the addition of ₹ 3,78,112/- made by the Assessing Officer as confirmed in appeal by the Commissioner (Appeals). We, therefore, allow the appeal in favour of the assessee.
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