https://www.taxtmi.com/caselaws?id=427977 The Tribunal ruled in favor of the assessee by directing the deletion of additions made by the Assessing Officer based on alleged suppressed sales. The rejection of books of accounts was considered academic and not further adjudicated. The Tribunal found that reliance on findings of excise authorities without independent verification was unjustified. The denial of the opportunity for cross-examination was deemed a serious flaw violating principles of natural justice, leading to the deletion of the impugned additions for all assessment years. The appeals were partly allowed in favor of the assessee. en-us Fri, 29 Jul 2022 00:00:00 +0530 Fri, 02 Dec 2022 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427977 The Tribunal ruled in favor of the assessee by directing the deletion of additions made by the Assessing Officer based on alleged suppressed sales. The rejection of books of accounts was considered academic and not further adjudicated. The Tribunal found that reliance on findings of excise authorities without independent verification was unjustified. The denial of the opportunity for cross-examination was deemed a serious flaw violating principles of natural justice, leading to the deletion of the impugned additions for all assessment years. The appeals were partly allowed in favor of the assessee. Case-Laws Income Tax Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427977