https://www.taxtmi.com/caselaws?id=284006 The appeal under section 260A of the Income-tax Act, 1961, filed by the Revenue against the Income-tax Appellate Tribunal's order for the assessment year 1994-95, involved issues related to income estimation from trading in plastic granules. The Assessing Officer's addition based on inflated purchase rates was initially deleted by the CIT(A) but reinstated by the Tribunal to the extent of the assessee's loss. The Tribunal's thorough verification of stock registers and purchases led to the dismissal of the appeal, upholding the assessee's position and rejecting the Revenue's contentions. en-us Mon, 23 Aug 2004 00:00:00 +0530 Wed, 23 Oct 2019 14:23:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284006 The appeal under section 260A of the Income-tax Act, 1961, filed by the Revenue against the Income-tax Appellate Tribunal's order for the assessment year 1994-95, involved issues related to income estimation from trading in plastic granules. The Assessing Officer's addition based on inflated purchase rates was initially deleted by the CIT(A) but reinstated by the Tribunal to the extent of the assessee's loss. The Tribunal's thorough verification of stock registers and purchases led to the dismissal of the appeal, upholding the assessee's position and rejecting the Revenue's contentions. Case-Laws Income Tax Mon, 23 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284006