https://www.taxtmi.com/caselaws?id=212549 The Tribunal upheld the invocation of section 144 for summary assessment due to discrepancies in sales bills. However, it found the addition of Rs. 3,70,907 as income from undisclosed sources unjustified, directing the assessee to provide third-party evidence for verification. The Tribunal allowed the deduction under section 80IC for the manufacturing unit in Himachal Pradesh, rejecting the AO's contention of splitting up an existing business. The appeal was partly allowed, with the Tribunal remanding the issue of the income addition for further verification and granting the deduction under section 80IC. en-us Thu, 24 Nov 2011 00:00:00 +0530 Tue, 20 Nov 2012 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212549 The Tribunal upheld the invocation of section 144 for summary assessment due to discrepancies in sales bills. However, it found the addition of Rs. 3,70,907 as income from undisclosed sources unjustified, directing the assessee to provide third-party evidence for verification. The Tribunal allowed the deduction under section 80IC for the manufacturing unit in Himachal Pradesh, rejecting the AO's contention of splitting up an existing business. The appeal was partly allowed, with the Tribunal remanding the issue of the income addition for further verification and granting the deduction under section 80IC. Case-Laws Income Tax Thu, 24 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212549