https://www.taxtmi.com/caselaws?id=30817 The Tribunal upheld the Commissioner's decision to partially allow the appeal, reducing additions towards undisclosed profit and unexplained cash credit for the assessment year 1982-83. The Tribunal confirmed the addition of income from undisclosed sources based on manufacturing defects and lack of complete records, while rejecting the addition related to extra consumption of fuel injector equipment sets. The High Court ruled in favor of the assessee against the Revenue, emphasizing the need for proper consideration of evidence and factors in such assessments under section 68 of the Income-tax Act. en-us Fri, 08 Jul 2005 00:00:00 +0530 Fri, 26 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30817 The Tribunal upheld the Commissioner's decision to partially allow the appeal, reducing additions towards undisclosed profit and unexplained cash credit for the assessment year 1982-83. The Tribunal confirmed the addition of income from undisclosed sources based on manufacturing defects and lack of complete records, while rejecting the addition related to extra consumption of fuel injector equipment sets. The High Court ruled in favor of the assessee against the Revenue, emphasizing the need for proper consideration of evidence and factors in such assessments under section 68 of the Income-tax Act. Case-Laws Income Tax Fri, 08 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30817