https://www.taxtmi.com/caselaws?id=422669 The Tribunal dismissed the Revenue's appeal and upheld the Commissioner's decision to delete the additions made by the Assessing Officer regarding the understatement of turnover in the income tax assessment for the relevant year. The Tribunal found no errors in the Commissioner's reasoning and rejected the grounds raised by the Revenue, emphasizing the reconciliation provided by the assessee and the consistency in turnover figures across financial statements and tax returns. en-us Thu, 28 Apr 2022 00:00:00 +0530 Fri, 20 May 2022 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422669 The Tribunal dismissed the Revenue's appeal and upheld the Commissioner's decision to delete the additions made by the Assessing Officer regarding the understatement of turnover in the income tax assessment for the relevant year. The Tribunal found no errors in the Commissioner's reasoning and rejected the grounds raised by the Revenue, emphasizing the reconciliation provided by the assessee and the consistency in turnover figures across financial statements and tax returns. Case-Laws Income Tax Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422669