https://www.taxtmi.com/caselaws?id=62250 The Tribunal partly allowed the assessee's appeal, deleting several additions and sustaining others, while dismissing the Revenue's appeal. The Tribunal found that corrections in the journal entries for the purchase price of raw cashew nuts were not deliberate inflation, deleted most of the addition, and sustained only Rs. 1,00,000. Additionally, the Tribunal deleted the Rs. 3,00,000 addition from M/s D.K.B. & Co., reduced the unexplained amount to Rs. 2,58,434 for Rs. 3,50,000, and partially deleted the Rs. 2,50,000 loan addition. The Tribunal also deleted the Rs. 2,75,000 credit in the name of Smt. Chandramathy, while upholding the disallowance of kist arrears. en-us Tue, 23 Nov 1993 00:00:00 +0530 Tue, 18 Jan 2011 17:52:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62250 The Tribunal partly allowed the assessee's appeal, deleting several additions and sustaining others, while dismissing the Revenue's appeal. The Tribunal found that corrections in the journal entries for the purchase price of raw cashew nuts were not deliberate inflation, deleted most of the addition, and sustained only Rs. 1,00,000. Additionally, the Tribunal deleted the Rs. 3,00,000 addition from M/s D.K.B. & Co., reduced the unexplained amount to Rs. 2,58,434 for Rs. 3,50,000, and partially deleted the Rs. 2,50,000 loan addition. The Tribunal also deleted the Rs. 2,75,000 credit in the name of Smt. Chandramathy, while upholding the disallowance of kist arrears. Case-Laws Income Tax Tue, 23 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62250