https://www.taxtmi.com/caselaws?id=30644 The Tribunal rejected the addition of Rs. 5,65,300 to the firm's income based on impounded diary entries, adding only Rs. 55,000 to the declared income of Rs. 14,240 for the assessment year 1982-83. The Tribunal deemed the diary entries unreliable, citing discrepancies such as imaginary expenses like marriage costs and liquor vend activities. The Assessing Officer and CIT (A) supported the addition, but the Tribunal disagreed, concluding that the entries were fictional and not credible grounds for substantial income additions. en-us Wed, 04 Jul 2007 00:00:00 +0530 Thu, 11 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30644 The Tribunal rejected the addition of Rs. 5,65,300 to the firm's income based on impounded diary entries, adding only Rs. 55,000 to the declared income of Rs. 14,240 for the assessment year 1982-83. The Tribunal deemed the diary entries unreliable, citing discrepancies such as imaginary expenses like marriage costs and liquor vend activities. The Assessing Officer and CIT (A) supported the addition, but the Tribunal disagreed, concluding that the entries were fictional and not credible grounds for substantial income additions. Case-Laws Income Tax Wed, 04 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30644