https://www.taxtmi.com/caselaws?id=117212 The Tribunal allowed the appeal, overturning the CIT(A)'s decision to add Rs. 30,637 to the assessee's income. The Tribunal found that the addition was based solely on figures from a seized document without verifying purchases with the supplier or rejecting the book results. Emphasizing the importance of relying on entries in the books of account supported by authenticated bills, the Tribunal concluded that the entries in the books of account, backed by supplier bills without discrepancies, should be preferred over rough estimates from seized documents. Consequently, the Tribunal deleted the addition, highlighting the significance of proper verification and reliance on accurate records. en-us Thu, 28 Nov 2002 00:00:00 +0530 Thu, 21 Jun 2012 10:44:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117212 The Tribunal allowed the appeal, overturning the CIT(A)'s decision to add Rs. 30,637 to the assessee's income. The Tribunal found that the addition was based solely on figures from a seized document without verifying purchases with the supplier or rejecting the book results. Emphasizing the importance of relying on entries in the books of account supported by authenticated bills, the Tribunal concluded that the entries in the books of account, backed by supplier bills without discrepancies, should be preferred over rough estimates from seized documents. Consequently, the Tribunal deleted the addition, highlighting the significance of proper verification and reliance on accurate records. Case-Laws Income Tax Thu, 28 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117212