https://www.taxtmi.com/caselaws?id=284190 The tribunal allowed the appeal, stating that the additions made by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) were not justified. The tribunal noted that there was no adverse material supporting the allegation of unaccounted production of yarn and unrecorded investment in stock. Therefore, both additions of gross profit were deemed unjustified and deleted for the assessment year 2006-07. en-us Fri, 15 Jun 2012 00:00:00 +0530 Wed, 06 Nov 2019 11:39:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284190 The tribunal allowed the appeal, stating that the additions made by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) were not justified. The tribunal noted that there was no adverse material supporting the allegation of unaccounted production of yarn and unrecorded investment in stock. Therefore, both additions of gross profit were deemed unjustified and deleted for the assessment year 2006-07. Case-Laws Income Tax Fri, 15 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284190