https://www.taxtmi.com/caselaws?id=192940 The Tribunal partly allowed the appeal, directing the partial deletion of additions related to undisclosed business income based on unrecorded purchases and entirely deleting the addition based on inflated stock statements submitted to the bank. The judgment emphasized the necessity of corroborative evidence and the non-conclusive nature of stock statements provided to banks for credit facilities. en-us Wed, 02 Dec 2015 00:00:00 +0530 Wed, 05 Jul 2017 10:45:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192940 The Tribunal partly allowed the appeal, directing the partial deletion of additions related to undisclosed business income based on unrecorded purchases and entirely deleting the addition based on inflated stock statements submitted to the bank. The judgment emphasized the necessity of corroborative evidence and the non-conclusive nature of stock statements provided to banks for credit facilities. Case-Laws Income Tax Wed, 02 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192940