https://www.taxtmi.com/caselaws?id=401010 The Tribunal allowed the appeal for statistical purposes, setting aside the CIT(A)'s order and directing a fresh examination by the Assessing Officer with proper evidence from the assessee. The addition of profit earned on undisclosed turnover was contested by the assessee engaged in food distribution and cement dealing. The Tribunal emphasized the need for the assessee to provide sufficient evidence to prove that the deposits were part of disclosed turnover, ultimately remanding the matter for a fresh decision with proper substantiation. en-us Wed, 22 Jul 2020 00:00:00 +0530 Wed, 25 Nov 2020 10:08:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401010 The Tribunal allowed the appeal for statistical purposes, setting aside the CIT(A)'s order and directing a fresh examination by the Assessing Officer with proper evidence from the assessee. The addition of profit earned on undisclosed turnover was contested by the assessee engaged in food distribution and cement dealing. The Tribunal emphasized the need for the assessee to provide sufficient evidence to prove that the deposits were part of disclosed turnover, ultimately remanding the matter for a fresh decision with proper substantiation. Case-Laws Income Tax Wed, 22 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401010