https://www.taxtmi.com/caselaws?id=327265 The Tribunal dismissed Revenue's appeals in I.T.A. Nos. 991 & 992/Mds/2014 due to admitted tax being less than Rs. 10 lakhs, citing a CBDT circular. The appeals were found not maintainable based on the circular. However, in I.T.A. No. 993/Mds/2014, the Tribunal partly allowed the appeal for statistical purposes. The judgment emphasized the need for proper documentation and verification in tax assessments, providing detailed analysis on each issue, including inflated purchase of rice, unexplained cash deposits, and unexplained loans and advances. en-us Thu, 24 Mar 2016 00:00:00 +0530 Sat, 07 May 2016 11:16:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327265 The Tribunal dismissed Revenue's appeals in I.T.A. Nos. 991 & 992/Mds/2014 due to admitted tax being less than Rs. 10 lakhs, citing a CBDT circular. The appeals were found not maintainable based on the circular. However, in I.T.A. No. 993/Mds/2014, the Tribunal partly allowed the appeal for statistical purposes. The judgment emphasized the need for proper documentation and verification in tax assessments, providing detailed analysis on each issue, including inflated purchase of rice, unexplained cash deposits, and unexplained loans and advances. Case-Laws Income Tax Thu, 24 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327265