https://www.taxtmi.com/caselaws?id=36892 The High Court ruled against the Tribunal's decision to make an ad hoc addition of Rs. 10,000 towards the trading results in a case involving firewood supply to sugar mills. The Court emphasized that since the accounts were found to be correct and complete, no such addition was justified. The Court highlighted the necessity of adhering to the standards set forth in Section 145 of the Income Tax Act, stating that additions can only be made if the accounts are not correct and complete. The assessee was awarded costs of Rs. 200, with counsel's fees assessed at the same amount. en-us Mon, 15 Oct 1979 00:00:00 +0530 Thu, 25 Mar 2010 12:15:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36892 The High Court ruled against the Tribunal's decision to make an ad hoc addition of Rs. 10,000 towards the trading results in a case involving firewood supply to sugar mills. The Court emphasized that since the accounts were found to be correct and complete, no such addition was justified. The Court highlighted the necessity of adhering to the standards set forth in Section 145 of the Income Tax Act, stating that additions can only be made if the accounts are not correct and complete. The assessee was awarded costs of Rs. 200, with counsel's fees assessed at the same amount. Case-Laws Income Tax Mon, 15 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36892