https://www.taxtmi.com/caselaws?id=62550 The Tribunal overturned the Assessing Officer and CIT(A)'s decisions, ruling in favor of the assessee. The Tribunal found the assessee's explanation regarding discrepancies in sales figures to be plausible, supported by evidence such as books of account and confirmations from dealers. Emphasizing the need for fair assessments and objective consideration of evidence, the Tribunal concluded that the additions made by the Assessing Officer were unwarranted. As a result, the Tribunal deleted the additions of Rs. 24,87,111 for 1988-89 and Rs. 61,28,207 for 1989-90 on account of suppressed sales. en-us Thu, 10 Nov 1994 00:00:00 +0530 Thu, 20 Jan 2011 13:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62550 The Tribunal overturned the Assessing Officer and CIT(A)'s decisions, ruling in favor of the assessee. The Tribunal found the assessee's explanation regarding discrepancies in sales figures to be plausible, supported by evidence such as books of account and confirmations from dealers. Emphasizing the need for fair assessments and objective consideration of evidence, the Tribunal concluded that the additions made by the Assessing Officer were unwarranted. As a result, the Tribunal deleted the additions of Rs. 24,87,111 for 1988-89 and Rs. 61,28,207 for 1989-90 on account of suppressed sales. Case-Laws Income Tax Thu, 10 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62550