https://www.taxtmi.com/caselaws?id=330488 The appeal challenged additions to the assessee's income by the Income Tax Appellate Tribunal, including undisclosed sales, land and building investments, and peak credit in a bank account. The court found the rejection of the assessee's books justified due to post-search entries without proper vouchers, leading to unsubstantiated expenditures. The assessment reduction by the CIT(A) and Tribunal indicated a proper review process, with decisions supported by evidence. The court held the revenue's actions were not arbitrary or perverse, dismissing challenges on these grounds. The appeal was rejected, with substantial questions of law answered against the assessee in favor of the revenue. en-us Tue, 14 Jun 2016 00:00:00 +0530 Wed, 27 Jul 2016 12:33:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330488 The appeal challenged additions to the assessee's income by the Income Tax Appellate Tribunal, including undisclosed sales, land and building investments, and peak credit in a bank account. The court found the rejection of the assessee's books justified due to post-search entries without proper vouchers, leading to unsubstantiated expenditures. The assessment reduction by the CIT(A) and Tribunal indicated a proper review process, with decisions supported by evidence. The court held the revenue's actions were not arbitrary or perverse, dismissing challenges on these grounds. The appeal was rejected, with substantial questions of law answered against the assessee in favor of the revenue. Case-Laws Income Tax Tue, 14 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330488