https://www.taxtmi.com/caselaws?id=244340 The assessee's appeal for Assessment Year (AY) 2003-04 was partly allowed, with the Tribunal upholding the disallowance of claimed loss due to lack of evidence. The addition on account of presumed unaccounted production and profit was partially allowed, reducing the amount based on a margin applied by the Tribunal. The addition for unsecured loans was also partially deleted after verification of transactions. The Revenue's appeal for both AYs 2003-04 and 2004-05 was dismissed, as the CIT(A)'s deletions were upheld due to lack of contrary evidence provided by the Revenue. en-us Wed, 08 Jan 2014 00:00:00 +0530 Mon, 24 Feb 2014 05:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244340 The assessee's appeal for Assessment Year (AY) 2003-04 was partly allowed, with the Tribunal upholding the disallowance of claimed loss due to lack of evidence. The addition on account of presumed unaccounted production and profit was partially allowed, reducing the amount based on a margin applied by the Tribunal. The addition for unsecured loans was also partially deleted after verification of transactions. The Revenue's appeal for both AYs 2003-04 and 2004-05 was dismissed, as the CIT(A)'s deletions were upheld due to lack of contrary evidence provided by the Revenue. Case-Laws Income Tax Wed, 08 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244340