https://www.taxtmi.com/caselaws?id=381839 The Tribunal dismissed the appeal of the revenue and partly allowed the appeal of the assessee. It upheld the addition of Rs. 3,237.36 for grey fabric and Rs. 5,662.80 for finished fabric but directed the deletion of the entire addition of Rs. 1,02,46,949.32 under the head of yarn. The Tribunal concluded that the statement recorded under section 132(4) was not the sole basis for the assessment, and the assessee had provided enough documentary evidence to refute the addition. en-us Thu, 30 May 2019 00:00:00 +0530 Thu, 25 Jul 2019 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381839 The Tribunal dismissed the appeal of the revenue and partly allowed the appeal of the assessee. It upheld the addition of Rs. 3,237.36 for grey fabric and Rs. 5,662.80 for finished fabric but directed the deletion of the entire addition of Rs. 1,02,46,949.32 under the head of yarn. The Tribunal concluded that the statement recorded under section 132(4) was not the sole basis for the assessment, and the assessee had provided enough documentary evidence to refute the addition. Case-Laws Income Tax Thu, 30 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381839