https://www.taxtmi.com/caselaws?id=398068 The Tribunal allowed the appeal, ruling in favor of the appellant and directing the deletion of the addition to undisclosed income. The decision emphasized the misinterpretation of seized documents by the Assessing Officer, clarifying that the figures represented quantities, not sales values. The Tribunal highlighted the discrepancy between the weight-based figures provided by the appellant and the erroneous value-based estimation by the Assessing Officer, leading to the reversal of the addition to undisclosed income. en-us Mon, 31 Aug 2020 00:00:00 +0530 Sat, 05 Sep 2020 22:25:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398068 The Tribunal allowed the appeal, ruling in favor of the appellant and directing the deletion of the addition to undisclosed income. The decision emphasized the misinterpretation of seized documents by the Assessing Officer, clarifying that the figures represented quantities, not sales values. The Tribunal highlighted the discrepancy between the weight-based figures provided by the appellant and the erroneous value-based estimation by the Assessing Officer, leading to the reversal of the addition to undisclosed income. Case-Laws Income Tax Mon, 31 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398068