https://www.taxtmi.com/caselaws?id=180958 The Tribunal ruled in favor of the assessee in a case involving the deletion of additions on account of suppressed profits from unrecorded sales. The Tribunal found no incriminating material to support the Revenue's allegations of sales suppression and deemed the extrapolation of suppressed sales to be legally impermissible. Regarding additions made under section 68 of the Income Tax Act, the Tribunal set aside the issue for reevaluation by the Assessing Officer based on similar cases and directed the Revenue to provide relevant Tribunal orders. As a result, some appeals were partly allowed or allowed for statistical purposes. en-us Fri, 07 Jan 2011 00:00:00 +0530 Tue, 05 Apr 2016 11:11:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180958 The Tribunal ruled in favor of the assessee in a case involving the deletion of additions on account of suppressed profits from unrecorded sales. The Tribunal found no incriminating material to support the Revenue's allegations of sales suppression and deemed the extrapolation of suppressed sales to be legally impermissible. Regarding additions made under section 68 of the Income Tax Act, the Tribunal set aside the issue for reevaluation by the Assessing Officer based on similar cases and directed the Revenue to provide relevant Tribunal orders. As a result, some appeals were partly allowed or allowed for statistical purposes. Case-Laws Income Tax Fri, 07 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180958