https://www.taxtmi.com/caselaws?id=344684 The High Court upheld the Tribunal's decision to confirm additions based on evidence for most transactions, including premium on cash sales. However, the premium added to sales with M/s. Jhaveri Polymers was deleted as the sales were later reconciled, with no basis for the addition found in the seized documents. The Court partially favored the assessee and partially the revenue, allowing the tax appeal in part and disposing of the matter accordingly. en-us Thu, 15 Jun 2017 00:00:00 +0530 Fri, 23 Jun 2017 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344684 The High Court upheld the Tribunal's decision to confirm additions based on evidence for most transactions, including premium on cash sales. However, the premium added to sales with M/s. Jhaveri Polymers was deleted as the sales were later reconciled, with no basis for the addition found in the seized documents. The Court partially favored the assessee and partially the revenue, allowing the tax appeal in part and disposing of the matter accordingly. Case-Laws Income Tax Thu, 15 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344684