https://www.taxtmi.com/caselaws?id=242367 The ITAT directed the assessing officer to limit the addition to Rs.20,000, being 50% of the original addition, due to discrepancies in tabulating withdrawals and lack of evidence proving sufficiency of withdrawals. The judgment highlighted the importance of seized materials in determining additions and emphasized the need for a basis for uniform additions in all years. The ITAT partially allowed the appeals of the assessee to achieve justice effectively. en-us Fri, 04 Jan 2013 00:00:00 +0530 Tue, 15 Mar 2016 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242367 The ITAT directed the assessing officer to limit the addition to Rs.20,000, being 50% of the original addition, due to discrepancies in tabulating withdrawals and lack of evidence proving sufficiency of withdrawals. The judgment highlighted the importance of seized materials in determining additions and emphasized the need for a basis for uniform additions in all years. The ITAT partially allowed the appeals of the assessee to achieve justice effectively. Case-Laws Income Tax Fri, 04 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242367