https://www.taxtmi.com/caselaws?id=61662 The Tribunal allowed the Department's appeal, upholding the addition of Rs. 4,50,000 made by the Assessing Officer. It found that the deletion of Rs. 4,41,359 by the Commissioner of Income Tax (Appeals) was not justified, emphasizing that the assessee's retraction from the initial disclosure was not credible. The Tribunal concluded that the surrender made by the assessee was voluntary and not coerced, reinstating the AO's decision regarding the unaccounted purchases and sales. en-us Fri, 30 Jul 2004 00:00:00 +0530 Thu, 13 Jan 2011 17:53:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61662 The Tribunal allowed the Department's appeal, upholding the addition of Rs. 4,50,000 made by the Assessing Officer. It found that the deletion of Rs. 4,41,359 by the Commissioner of Income Tax (Appeals) was not justified, emphasizing that the assessee's retraction from the initial disclosure was not credible. The Tribunal concluded that the surrender made by the assessee was voluntary and not coerced, reinstating the AO's decision regarding the unaccounted purchases and sales. Case-Laws Income Tax Fri, 30 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61662