https://www.taxtmi.com/caselaws?id=387891 The Tribunal partially allowed the appeal, directing the deletion of additions made on account of unaccounted purchase of jewellery and cash shortage. The appellant successfully argued that the cash shortage was due to expenses and was used in excess stock of jewellery. The Tribunal held that the cash shortage could be adjusted against unaccounted purchase of jewellery, as the Revenue failed to provide evidence of the cash being utilized elsewhere. en-us Tue, 24 Sep 2019 00:00:00 +0530 Mon, 04 Nov 2019 06:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387891 The Tribunal partially allowed the appeal, directing the deletion of additions made on account of unaccounted purchase of jewellery and cash shortage. The appellant successfully argued that the cash shortage was due to expenses and was used in excess stock of jewellery. The Tribunal held that the cash shortage could be adjusted against unaccounted purchase of jewellery, as the Revenue failed to provide evidence of the cash being utilized elsewhere. Case-Laws Income Tax Tue, 24 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387891