https://www.taxtmi.com/caselaws?id=282373 The High Court remanded the case to the Assessing Officer to determine if items sold matched those disclosed under VDIS. Despite evidence, the AO made additional additions upheld by CIT(A). The Tribunal found items declared under VDIS were indeed sold, supported by evidence. It deemed revenue authorities' additional additions unjustified after accepting VDIS declaration and tax payment. Consequently, the Tribunal set aside CIT(A) order, deleting the addition, in favor of the assessee for justice and equity. en-us Mon, 04 Jul 2016 00:00:00 +0530 Mon, 05 Aug 2019 20:16:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282373 The High Court remanded the case to the Assessing Officer to determine if items sold matched those disclosed under VDIS. Despite evidence, the AO made additional additions upheld by CIT(A). The Tribunal found items declared under VDIS were indeed sold, supported by evidence. It deemed revenue authorities' additional additions unjustified after accepting VDIS declaration and tax payment. Consequently, the Tribunal set aside CIT(A) order, deleting the addition, in favor of the assessee for justice and equity. Case-Laws Income Tax Mon, 04 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282373