https://www.taxtmi.com/caselaws?id=390442 The appeal was filed against the ITAT's decision allowing the Revenue's challenge to the deletion of additions made by the Commissioner during an assessment procedure. The Tribunal held the assessee accountable for unexplained amounts found in seized documents, emphasizing the assessee's ownership and commitment to explain the entries. The Tribunal rejected claims that the handwriting was not proven to be the assessee's, affirming the additions to the income. Additionally, the Tribunal's decision on applying the Gross Profit rate on stock differences was upheld as a factual finding, leading to the dismissal of the appeal and disposal of pending applications. en-us Wed, 06 Nov 2019 00:00:00 +0530 Thu, 02 Jan 2020 19:00:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390442 The appeal was filed against the ITAT's decision allowing the Revenue's challenge to the deletion of additions made by the Commissioner during an assessment procedure. The Tribunal held the assessee accountable for unexplained amounts found in seized documents, emphasizing the assessee's ownership and commitment to explain the entries. The Tribunal rejected claims that the handwriting was not proven to be the assessee's, affirming the additions to the income. Additionally, the Tribunal's decision on applying the Gross Profit rate on stock differences was upheld as a factual finding, leading to the dismissal of the appeal and disposal of pending applications. Case-Laws Income Tax Wed, 06 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390442