https://www.taxtmi.com/caselaws?id=269322 The Tribunal ultimately deleted the addition made on account of suppression of sales, overturning the CIT(A)'s partial relief. The rejection of the books of account under section 145(3) of the IT Act was upheld due to concerns over data discrepancies. The Tribunal emphasized the relevance of considering revised figures for determining unaccounted sales, critiquing the lower authorities for not adequately incorporating them. It stressed the use of average sales rates for estimating unaccounted sales and remanded the case to the High Court due to the lack of detailed reasoning in the Tribunal's decision. en-us Thu, 15 Oct 2015 00:00:00 +0530 Sat, 12 Dec 2015 13:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269322 The Tribunal ultimately deleted the addition made on account of suppression of sales, overturning the CIT(A)'s partial relief. The rejection of the books of account under section 145(3) of the IT Act was upheld due to concerns over data discrepancies. The Tribunal emphasized the relevance of considering revised figures for determining unaccounted sales, critiquing the lower authorities for not adequately incorporating them. It stressed the use of average sales rates for estimating unaccounted sales and remanded the case to the High Court due to the lack of detailed reasoning in the Tribunal's decision. Case-Laws Income Tax Thu, 15 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269322