https://www.taxtmi.com/caselaws?id=62235 The appeal by the Revenue was dismissed as the additions made by the assessing authorities were not upheld. The first issue regarding the unaccounted turnover of Rs. 4,24,916 was deleted by the CIT(A) and upheld by the Tribunal due to lack of evidence of similar practices in previous years. The second issue concerning the concealed gold and gold ornaments of Rs. 1,90,000 was also deleted by the CIT(A) and supported by the Tribunal, as the items were found in the possession of the managing partner and not the firm. en-us Fri, 11 Feb 1994 00:00:00 +0530 Tue, 18 Jan 2011 17:03:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62235 The appeal by the Revenue was dismissed as the additions made by the assessing authorities were not upheld. The first issue regarding the unaccounted turnover of Rs. 4,24,916 was deleted by the CIT(A) and upheld by the Tribunal due to lack of evidence of similar practices in previous years. The second issue concerning the concealed gold and gold ornaments of Rs. 1,90,000 was also deleted by the CIT(A) and supported by the Tribunal, as the items were found in the possession of the managing partner and not the firm. Case-Laws Income Tax Fri, 11 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62235