https://www.taxtmi.com/caselaws?id=365947 The Tribunal dismissed the appeal filed against the CIT(A)'s order for the A.Y. 2010-11, upholding the additions made by the Assessing Officer under section 250 of the Income Tax Act, 1961. The assessee's income was adjusted to &8377; 11,66,730/- due to discrepancies in purchases and sales figures, rejection of trading account, inclusion of undisclosed commission, and failure to provide evidence for expenditure claims. The Tribunal emphasized the importance of accurate accounting, proper valuation, and substantiated claims in income tax assessments, leading to the dismissal of the appeal. en-us Fri, 24 Aug 2018 00:00:00 +0530 Mon, 27 Aug 2018 08:32:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365947 The Tribunal dismissed the appeal filed against the CIT(A)'s order for the A.Y. 2010-11, upholding the additions made by the Assessing Officer under section 250 of the Income Tax Act, 1961. The assessee's income was adjusted to &8377; 11,66,730/- due to discrepancies in purchases and sales figures, rejection of trading account, inclusion of undisclosed commission, and failure to provide evidence for expenditure claims. The Tribunal emphasized the importance of accurate accounting, proper valuation, and substantiated claims in income tax assessments, leading to the dismissal of the appeal. Case-Laws Income Tax Fri, 24 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365947