https://www.taxtmi.com/caselaws?id=17081 The Tribunal's decision to reduce the additions made by the assessing authority for the assessment years 1985-86 and 1986-87 was upheld by the High Court. The Tribunal justified the reduction based on a detailed analysis of seized materials and actual advances recorded, concluding that the uniform rate assumed by the assessing authority was not justified due to varying land conditions. The Tribunal's estimation of income was supported by credible evidence, including seized materials and individual transactions. The High Court affirmed the Tribunal's findings, ruling in favor of the assessee against the Revenue. en-us Tue, 12 Aug 1997 00:00:00 +0530 Tue, 15 Sep 2009 11:14:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17081 The Tribunal's decision to reduce the additions made by the assessing authority for the assessment years 1985-86 and 1986-87 was upheld by the High Court. The Tribunal justified the reduction based on a detailed analysis of seized materials and actual advances recorded, concluding that the uniform rate assumed by the assessing authority was not justified due to varying land conditions. The Tribunal's estimation of income was supported by credible evidence, including seized materials and individual transactions. The High Court affirmed the Tribunal's findings, ruling in favor of the assessee against the Revenue. Case-Laws Income Tax Tue, 12 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17081