https://www.taxtmi.com/caselaws?id=186052 The Tribunal partly allowed the assessee's appeal, directing reassessment of the nature and depreciation rate of moulds. The Revenue's appeal was dismissed, with the deletion of the addition under Section 68 upheld. The Tribunal emphasized evaluating the consistent accounting method and nature of the moulds, noting that treating cash sales as unexplained cash credit would lead to double taxation. Other grounds were not pressed or deemed general, requiring no separate adjudication. en-us Thu, 09 Sep 2010 00:00:00 +0530 Tue, 06 Sep 2016 16:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186052 The Tribunal partly allowed the assessee's appeal, directing reassessment of the nature and depreciation rate of moulds. The Revenue's appeal was dismissed, with the deletion of the addition under Section 68 upheld. The Tribunal emphasized evaluating the consistent accounting method and nature of the moulds, noting that treating cash sales as unexplained cash credit would lead to double taxation. Other grounds were not pressed or deemed general, requiring no separate adjudication. Case-Laws Income Tax Thu, 09 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186052