https://www.taxtmi.com/caselaws?id=63174 The tribunal remanded the matters to the ITO for fresh verification and consideration, emphasizing the need for a basis in making additions and the importance of audited accounts in determining the correctness of claims. The appeals of both the assessee and the Revenue were allowed for statistical purposes. en-us Thu, 25 Oct 1990 00:00:00 +0530 Fri, 28 Jan 2011 12:10:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63174 The tribunal remanded the matters to the ITO for fresh verification and consideration, emphasizing the need for a basis in making additions and the importance of audited accounts in determining the correctness of claims. The appeals of both the assessee and the Revenue were allowed for statistical purposes. Case-Laws Income Tax Thu, 25 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63174