https://www.taxtmi.com/caselaws?id=267593 The Tribunal concluded that additions based on third-party evidence lacked justification without direct corroborative evidence linking the assessee to unaccounted transactions. Consequently, the Rs. 1.76 crores addition for the assessment year 2004-05 was deleted, and the application of a 35% gross profit rate on unaccounted sales was dismissed. The Tribunal's decision partially allowed the assessee's appeals and dismissed the Revenue's appeals for the other assessment years considered. en-us Wed, 16 Sep 2015 00:00:00 +0530 Mon, 09 Nov 2015 16:30:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267593 The Tribunal concluded that additions based on third-party evidence lacked justification without direct corroborative evidence linking the assessee to unaccounted transactions. Consequently, the Rs. 1.76 crores addition for the assessment year 2004-05 was deleted, and the application of a 35% gross profit rate on unaccounted sales was dismissed. The Tribunal's decision partially allowed the assessee's appeals and dismissed the Revenue's appeals for the other assessment years considered. Case-Laws Income Tax Wed, 16 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267593