https://www.taxtmi.com/caselaws?id=257429 The tribunal partially allowed the assessee's appeal, deleting numerous additions and disallowances by the AO. Most additions, including those related to credit notes, swap units, under-valuation of stock, and sundry creditors, were deleted due to lack of proper justification. The tribunal emphasized the need for thorough verification and reliance on concrete evidence rather than assumptions. The Revenue's appeal was dismissed, highlighting the significance of accurate assessment based on factual support. en-us Fri, 20 Feb 2015 00:00:00 +0530 Mon, 04 May 2015 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257429 The tribunal partially allowed the assessee's appeal, deleting numerous additions and disallowances by the AO. Most additions, including those related to credit notes, swap units, under-valuation of stock, and sundry creditors, were deleted due to lack of proper justification. The tribunal emphasized the need for thorough verification and reliance on concrete evidence rather than assumptions. The Revenue's appeal was dismissed, highlighting the significance of accurate assessment based on factual support. Case-Laws Income Tax Fri, 20 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257429