https://www.taxtmi.com/caselaws?id=215682 The HC held that the Tribunal erred in rejecting the Assessing Officer's estimate of suppressed turnover based on seized papers showing dual rates of sale, instead accepting the assessee's declared lower turnover without proper justification. The court found the Tribunal's demand for additional corroboration misplaced, as the seized documents themselves substantiated income suppression. The HC set aside the Tribunal's orders for all years under appeal, answered the primary question in favor of Revenue, and remitted the matter back to the Tribunal for fresh consideration in accordance with law, including grounds previously unaddressed. The appeals of Revenue were allowed accordingly. en-us Tue, 07 Aug 2012 00:00:00 +0530 Mon, 02 Mar 2026 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215682 The HC held that the Tribunal erred in rejecting the Assessing Officer's estimate of suppressed turnover based on seized papers showing dual rates of sale, instead accepting the assessee's declared lower turnover without proper justification. The court found the Tribunal's demand for additional corroboration misplaced, as the seized documents themselves substantiated income suppression. The HC set aside the Tribunal's orders for all years under appeal, answered the primary question in favor of Revenue, and remitted the matter back to the Tribunal for fresh consideration in accordance with law, including grounds previously unaddressed. The appeals of Revenue were allowed accordingly. Case-Laws Income Tax Tue, 07 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215682