https://www.taxtmi.com/caselaws?id=69091 The appellate authorities concluded that the unaccounted profits revealed by the seized documents could not be added to the income of the assessee-firm. They found inconsistencies in the statements made by the partner and noted insufficient evidence to establish the firm's involvement in unaccounted transactions. The majority view, supported by the Judicial Member and the Third Member, was to dismiss the revenue's appeals, ultimately ruling in favor of the assessee-firm. en-us Wed, 06 Jun 1990 00:00:00 +0530 Tue, 05 Apr 2011 11:20:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69091 The appellate authorities concluded that the unaccounted profits revealed by the seized documents could not be added to the income of the assessee-firm. They found inconsistencies in the statements made by the partner and noted insufficient evidence to establish the firm's involvement in unaccounted transactions. The majority view, supported by the Judicial Member and the Third Member, was to dismiss the revenue's appeals, ultimately ruling in favor of the assessee-firm. Case-Laws Income Tax Wed, 06 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69091