https://www.taxtmi.com/caselaws?id=121987 The Tribunal upheld the CIT(A)'s decisions, dismissing the revenue's appeals. Additions based on estimated profits from electricity consumption for assessment years 2000-01 to 2003-04 were deleted due to insufficient evidence and lack of scientific validation. For 2004-05, an addition of Rs. 16 lakhs was sustained due to evidence of suppressed sales. The addition for unaccounted investment in 2000-01 was deleted due to lack of evidence. The protective addition for unexplained money in 2004-05 was deleted as the cash was claimed by the director and not linked to the assessee-company. en-us Fri, 14 Dec 2007 00:00:00 +0530 Thu, 28 Dec 2023 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121987 The Tribunal upheld the CIT(A)'s decisions, dismissing the revenue's appeals. Additions based on estimated profits from electricity consumption for assessment years 2000-01 to 2003-04 were deleted due to insufficient evidence and lack of scientific validation. For 2004-05, an addition of Rs. 16 lakhs was sustained due to evidence of suppressed sales. The addition for unaccounted investment in 2000-01 was deleted due to lack of evidence. The protective addition for unexplained money in 2004-05 was deleted as the cash was claimed by the director and not linked to the assessee-company. Case-Laws Income Tax Fri, 14 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121987