TMI Blog2018 (1) TMI 1582X X X X Extracts X X X X X X X X Extracts X X X X ..... ng - HELD THAT:- The revenue in the present appeal has not produced any evidence on record to show that such extra income shown by the respondent in their balance sheet was on account of any under valuation activities of their final products. In the absence of any evidence on record, the revenue s allegation cannot be upheld. No infirmity is found in the impugned order of Commissioner (Appeals) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing out of share trading. Revenue entertained a view that the assessable value of appellant s goods was on the lower side whereas the goods was being sold at higher price and the differential amount was being reflected in the balance sheet as income arising out of Share Trading. 4. Accordingly, proceedings were initiated against the respondent regarding confirmation of demand to the tune of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... activities cannot be appreciated in the absence of any evidence to the contrary, as such by relying upon Tribunal s decision in the case of R.A. Castings, he set aside the impugned order. 6. The revenue in the present appeal has not produced any evidence on record to show that such extra income shown by the respondent in their balance sheet was on account of any under valuation activities of th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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