https://www.taxtmi.com/caselaws?id=23631 The High Court upheld the Tribunal's decision to reject the assessee-firm's accounts based on sufficient evidence, including seized documents and corroborative records. The addition of Rs. 1,15,000 to the firm's income was deemed valid and sustainable, supported by evidence of suppressed purchases and payment of "on money." The Tribunal's order was found legal and no questions of law arose, with the High Court emphasizing its limited jurisdiction to review factual findings. The income-tax reference was disposed of in favor of the Department. en-us Tue, 06 Feb 1990 00:00:00 +0530 Tue, 22 Dec 2009 18:34:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23631 The High Court upheld the Tribunal's decision to reject the assessee-firm's accounts based on sufficient evidence, including seized documents and corroborative records. The addition of Rs. 1,15,000 to the firm's income was deemed valid and sustainable, supported by evidence of suppressed purchases and payment of "on money." The Tribunal's order was found legal and no questions of law arose, with the High Court emphasizing its limited jurisdiction to review factual findings. The income-tax reference was disposed of in favor of the Department. Case-Laws Income Tax Tue, 06 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23631