https://www.taxtmi.com/caselaws?id=2289 The High Court of Jharkhand set aside the Income-tax Appellate Tribunal's decision and restored the Commissioner of Income-tax (Appeals) decision in a case involving reassessment proceedings for underreported turnover. The Court emphasized the importance of concrete evidence before making income additions and criticized the Tribunal for expunging a crucial paragraph from the Commissioner's order. The case was remitted back to the Assessing Officer for further review, with Justice D.K. Sinha concurring with the judgment. en-us Thu, 08 Feb 2007 00:00:00 +0530 Thu, 31 Jul 2008 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2289 The High Court of Jharkhand set aside the Income-tax Appellate Tribunal's decision and restored the Commissioner of Income-tax (Appeals) decision in a case involving reassessment proceedings for underreported turnover. The Court emphasized the importance of concrete evidence before making income additions and criticized the Tribunal for expunging a crucial paragraph from the Commissioner's order. The case was remitted back to the Assessing Officer for further review, with Justice D.K. Sinha concurring with the judgment. Case-Laws Income Tax Thu, 08 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2289