https://www.taxtmi.com/caselaws?id=338290 The High Court upheld the decisions of the lower authorities in a tax appeal case. It dismissed the Revenue's appeal regarding the addition of undisclosed net profit based on an impounded document and the addition on account of a difference in stock. The Assessing Officer's lack of evidence and verification for the additions were highlighted, leading to the reductions made by the CIT(A) and the Tribunal. The High Court found no error in the lower authorities' decisions and consequently dismissed the Tax Appeal filed by the Revenue. en-us Mon, 23 Jan 2017 00:00:00 +0530 Mon, 30 Jan 2017 06:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338290 The High Court upheld the decisions of the lower authorities in a tax appeal case. It dismissed the Revenue's appeal regarding the addition of undisclosed net profit based on an impounded document and the addition on account of a difference in stock. The Assessing Officer's lack of evidence and verification for the additions were highlighted, leading to the reductions made by the CIT(A) and the Tribunal. The High Court found no error in the lower authorities' decisions and consequently dismissed the Tax Appeal filed by the Revenue. Case-Laws Income Tax Mon, 23 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338290