https://www.taxtmi.com/caselaws?id=173266 The Court found the Tribunal's decision to delete additions based on rejected books of account unsustainable, emphasizing the burden of proof on the assessee to verify declared income. It noted discrepancies in the Tribunal's acceptance of the rejected books and lack of consideration for undisputed facts used in assessment. The Court highlighted the need for clarity in estimating income for different liquor types and proper deductions. Consequently, the judgment set aside the Tribunal's decision and remitted the case for fresh consideration in line with legal requirements. en-us Wed, 30 Mar 2005 00:00:00 +0530 Fri, 11 Sep 2015 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173266 The Court found the Tribunal's decision to delete additions based on rejected books of account unsustainable, emphasizing the burden of proof on the assessee to verify declared income. It noted discrepancies in the Tribunal's acceptance of the rejected books and lack of consideration for undisputed facts used in assessment. The Court highlighted the need for clarity in estimating income for different liquor types and proper deductions. Consequently, the judgment set aside the Tribunal's decision and remitted the case for fresh consideration in line with legal requirements. Case-Laws Income Tax Wed, 30 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173266