https://www.taxtmi.com/caselaws?id=278090 The tribunal dismissed the challenge on the timeliness of the order and upheld the rejection of books of accounts for certain assessment years due to discrepancies. It found the enhancement of sales unjustified and directed specific turnover enhancements. The tribunal deleted additions for unaccounted silver investments and purchases with proper evidence. It also removed additions under Section 68 for various entities with supporting documentation. The tribunal directed adjustments for unaccounted cash, MCX transactions, unaccounted jewelry, and real estate investments, emphasizing telescopic benefits to prevent double taxation. en-us Tue, 17 May 2016 00:00:00 +0530 Wed, 09 Jan 2019 06:32:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278090 The tribunal dismissed the challenge on the timeliness of the order and upheld the rejection of books of accounts for certain assessment years due to discrepancies. It found the enhancement of sales unjustified and directed specific turnover enhancements. The tribunal deleted additions for unaccounted silver investments and purchases with proper evidence. It also removed additions under Section 68 for various entities with supporting documentation. The tribunal directed adjustments for unaccounted cash, MCX transactions, unaccounted jewelry, and real estate investments, emphasizing telescopic benefits to prevent double taxation. Case-Laws Income Tax Tue, 17 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278090