https://www.taxtmi.com/caselaws?id=297393 Rejection of books of accounts was upheld where correctness and completeness of the assessee's accounts were doubted; additions for suppressed sales were made using material collected by the Excise Department and statements of witnesses recorded during search, with the tribunal accepting those records as probative. The reliance on collateral excise material and contemporaneous witness statements supported treating accounts as unreliable, leading to sustained additions for undisclosed sales; consequential challenge in a special leave petition was dismissed. en-us Mon, 27 Jan 2020 00:00:00 +0530 Mon, 09 Feb 2026 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297393 Rejection of books of accounts was upheld where correctness and completeness of the assessee's accounts were doubted; additions for suppressed sales were made using material collected by the Excise Department and statements of witnesses recorded during search, with the tribunal accepting those records as probative. The reliance on collateral excise material and contemporaneous witness statements supported treating accounts as unreliable, leading to sustained additions for undisclosed sales; consequential challenge in a special leave petition was dismissed. Case-Laws Income Tax Mon, 27 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297393