https://www.taxtmi.com/caselaws?id=407461 The Tribunal set aside the disallowance of the difference in purchases and custom duty for fresh adjudication due to unexplained variances and lack of reconciliation. The Tribunal emphasized the importance of considering all evidence and proper reconciliation in tax assessments, allowing the appeal for statistical purposes. The decision highlighted the need for a thorough examination of discrepancies and adherence to legal procedures in determining undisclosed income. en-us Tue, 06 Apr 2021 00:00:00 +0530 Wed, 12 May 2021 08:28:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407461 The Tribunal set aside the disallowance of the difference in purchases and custom duty for fresh adjudication due to unexplained variances and lack of reconciliation. The Tribunal emphasized the importance of considering all evidence and proper reconciliation in tax assessments, allowing the appeal for statistical purposes. The decision highlighted the need for a thorough examination of discrepancies and adherence to legal procedures in determining undisclosed income. Case-Laws Income Tax Tue, 06 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407461