https://www.taxtmi.com/caselaws?id=31168 The High Court upheld the Income Tax Appellate Tribunal's decision to delete the addition of Rs.14,95,000/-, emphasizing the lack of error in the Tribunal's order. The Court highlighted the lack of material to sustain the addition and the non-acceptance of the terms of surrender by the Assessing Officer. The Court concluded that the Department must either fully accept or ignore the statement of surrender, finding no merit in the revenue's appeal and dismissing it. The legality of deleting the addition made on account of fictitious sale bills was supported by the Court, resulting in the dismissal of both appeals for lacking merit. en-us Tue, 20 May 2008 00:00:00 +0530 Mon, 20 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31168 The High Court upheld the Income Tax Appellate Tribunal's decision to delete the addition of Rs.14,95,000/-, emphasizing the lack of error in the Tribunal's order. The Court highlighted the lack of material to sustain the addition and the non-acceptance of the terms of surrender by the Assessing Officer. The Court concluded that the Department must either fully accept or ignore the statement of surrender, finding no merit in the revenue's appeal and dismissing it. The legality of deleting the addition made on account of fictitious sale bills was supported by the Court, resulting in the dismissal of both appeals for lacking merit. Case-Laws Income Tax Tue, 20 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31168