https://www.taxtmi.com/caselaws?id=64142 The Appellate Tribunal upheld the decision of the AAC to delete the deemed income addition of Rs. 28,000 and reduce the estimated addition to the returned business income for the assessment year 1978-79. The Tribunal dismissed the revenue's appeal, emphasizing the importance of providing detailed explanations and evidence in income assessments and maintaining accurate financial records in tax proceedings. en-us Mon, 04 May 1981 00:00:00 +0530 Sat, 05 Feb 2011 10:48:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64142 The Appellate Tribunal upheld the decision of the AAC to delete the deemed income addition of Rs. 28,000 and reduce the estimated addition to the returned business income for the assessment year 1978-79. The Tribunal dismissed the revenue's appeal, emphasizing the importance of providing detailed explanations and evidence in income assessments and maintaining accurate financial records in tax proceedings. Case-Laws Income Tax Mon, 04 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64142