https://www.taxtmi.com/caselaws?id=339585 The Tribunal upheld the addition of unaccounted local sales for the assessment years 1990-91 to 1994-95, finding discrepancies in the quantity of gold used by artisans in manufacturing gold ornaments. The Tribunal rejected the new evidence presented by the appellant, deeming it insufficient to prove actual gold consumption. Despite challenges regarding the order's perversity and lack of detail, the Tribunal's decision was upheld as it provided a thorough rationale for confirming the Assessing Officer's additions. The appeals were ultimately dismissed, with the Tribunal's findings aligning with the previous assessment year and addressing all raised issues. en-us Fri, 17 Feb 2017 00:00:00 +0530 Mon, 14 May 2018 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339585 The Tribunal upheld the addition of unaccounted local sales for the assessment years 1990-91 to 1994-95, finding discrepancies in the quantity of gold used by artisans in manufacturing gold ornaments. The Tribunal rejected the new evidence presented by the appellant, deeming it insufficient to prove actual gold consumption. Despite challenges regarding the order's perversity and lack of detail, the Tribunal's decision was upheld as it provided a thorough rationale for confirming the Assessing Officer's additions. The appeals were ultimately dismissed, with the Tribunal's findings aligning with the previous assessment year and addressing all raised issues. Case-Laws Income Tax Fri, 17 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339585