https://www.taxtmi.com/caselaws?id=77509 The High Court of Kerala ruled in favor of the appellant, overturning the Tribunal's decision to delete a suppressed income of Rs.24,72,170 assessed during an inspection at the assessee's premises. The Court found discrepancies in the assessee's accounting practices, emphasizing the need for accurate record-keeping. The judgment reinstated the addition of suppressed income, highlighting the importance of consistency in assessing taxable income. en-us Fri, 06 Nov 2009 00:00:00 +0530 Wed, 07 Sep 2011 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77509 The High Court of Kerala ruled in favor of the appellant, overturning the Tribunal's decision to delete a suppressed income of Rs.24,72,170 assessed during an inspection at the assessee's premises. The Court found discrepancies in the assessee's accounting practices, emphasizing the need for accurate record-keeping. The judgment reinstated the addition of suppressed income, highlighting the importance of consistency in assessing taxable income. Case-Laws Income Tax Fri, 06 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77509