https://www.taxtmi.com/caselaws?id=186618 The Court dismissed the appeal, ruling in favor of the assessee and against the revenue. The Court found that discrepancies in stock values and unexplained purchases were not supported by evidence of undisclosed income sources. The addition made on account of estimation of profit on suppressed sales was also deleted as the assessee provided details of transactions that were not disputed. The Court upheld the decisions of the CIT(A) and the Tribunal, concluding that there was no merit in the appeal. en-us Tue, 25 Nov 2014 00:00:00 +0530 Sat, 24 Sep 2016 09:02:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186618 The Court dismissed the appeal, ruling in favor of the assessee and against the revenue. The Court found that discrepancies in stock values and unexplained purchases were not supported by evidence of undisclosed income sources. The addition made on account of estimation of profit on suppressed sales was also deleted as the assessee provided details of transactions that were not disputed. The Court upheld the decisions of the CIT(A) and the Tribunal, concluding that there was no merit in the appeal. Case-Laws Income Tax Tue, 25 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186618