https://www.taxtmi.com/caselaws?id=64144 The court partially allowed the revenue's appeal for the assessment year 1995-96 and fully allowed it for the assessment year 1996-97. The additions made by the Assessing Officer for lease rent were upheld, ruling that the lease rent had accrued and could not be unilaterally reversed. However, the additions on account of unaccounted sale of items were deleted as the explanations provided were detailed and reasonable. Additionally, the lump sum addition to trading results for the assessment year 1995-96 was deleted based on the explanation provided by the assessee. en-us Fri, 17 Feb 2006 00:00:00 +0530 Sat, 05 Feb 2011 10:53:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64144 The court partially allowed the revenue's appeal for the assessment year 1995-96 and fully allowed it for the assessment year 1996-97. The additions made by the Assessing Officer for lease rent were upheld, ruling that the lease rent had accrued and could not be unilaterally reversed. However, the additions on account of unaccounted sale of items were deleted as the explanations provided were detailed and reasonable. Additionally, the lump sum addition to trading results for the assessment year 1995-96 was deleted based on the explanation provided by the assessee. Case-Laws Income Tax Fri, 17 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64144