https://www.taxtmi.com/caselaws?id=77862 The High Court affirmed the decision of the Tribunal to uphold the addition related to suppressed sales under section 145(2) of the Income Tax Act. The Tribunal found evidence of unaccounted fabric production and clearance, indicating suppression of sales. Despite the assessee's explanations, the Tribunal concluded that the suppression was evident and justified the addition of Rs. 4,32,848 for suppressed sales. The High Court dismissed appeals from both the assessee and the Revenue, emphasizing the significance of the evidence discovered during the search in supporting the decision. en-us Fri, 18 Jan 2008 00:00:00 +0530 Tue, 13 Sep 2011 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77862 The High Court affirmed the decision of the Tribunal to uphold the addition related to suppressed sales under section 145(2) of the Income Tax Act. The Tribunal found evidence of unaccounted fabric production and clearance, indicating suppression of sales. Despite the assessee's explanations, the Tribunal concluded that the suppression was evident and justified the addition of Rs. 4,32,848 for suppressed sales. The High Court dismissed appeals from both the assessee and the Revenue, emphasizing the significance of the evidence discovered during the search in supporting the decision. Case-Laws Income Tax Fri, 18 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77862