https://www.taxtmi.com/caselaws?id=62870 Prior fact-findings are persuasive but not conclusive in income-tax proceedings, and an addition for alleged suppressed scrap sales can stand only to the extent supported by reliable evidence of identity, nature of goods, and actual clearance. On the scrap-sales issue, the Tribunal accepted that scrap had been sold under excise supervision and that the full quantity could not be treated as unexplained, so the addition was restricted. On the conductor issue, the addition was sustained only for the seven drums for which identity and running-length findings supported treatment as good conductors, while it was deleted for the remaining 25 drums because the department lacked direct evidence. en-us Mon, 03 Dec 1990 00:00:00 +0530 Sat, 22 Jan 2011 12:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62870 Prior fact-findings are persuasive but not conclusive in income-tax proceedings, and an addition for alleged suppressed scrap sales can stand only to the extent supported by reliable evidence of identity, nature of goods, and actual clearance. On the scrap-sales issue, the Tribunal accepted that scrap had been sold under excise supervision and that the full quantity could not be treated as unexplained, so the addition was restricted. On the conductor issue, the addition was sustained only for the seven drums for which identity and running-length findings supported treatment as good conductors, while it was deleted for the remaining 25 drums because the department lacked direct evidence. Case-Laws Income Tax Mon, 03 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62870