https://www.taxtmi.com/caselaws?id=374363 The Appellate Tribunal upheld the addition on suppressed debtors due to discrepancies, as the assessee failed to provide verifiable evidence to support the audited financial figures. However, the addition on suppressed yarn consumption was deleted by the Tribunal, considering the explanations provided by the assessee and relevant case law. The alternative contention on estimated suppression of production/sales was dismissed as it became irrelevant. Overall, the appeal was partly allowed in favor of the assessee. en-us Tue, 29 Jan 2019 00:00:00 +0530 Thu, 31 Jan 2019 08:19:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374363 The Appellate Tribunal upheld the addition on suppressed debtors due to discrepancies, as the assessee failed to provide verifiable evidence to support the audited financial figures. However, the addition on suppressed yarn consumption was deleted by the Tribunal, considering the explanations provided by the assessee and relevant case law. The alternative contention on estimated suppression of production/sales was dismissed as it became irrelevant. Overall, the appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Tue, 29 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374363