https://www.taxtmi.com/highlights?id=89934 The ITAT allowed the assessee's appeal regarding unexplained sales allegedly found in EmmEss-Gold software during survey action. The revenue relied on digital data seized from investigation wing showing gold purchase/sale transactions. However, the tribunal found that entries marked '1'/'2' against the assessee's name represented inward entries of goods received, not quantities, and these transactions were properly recorded in books of accounts. Significantly, the assessing officer in the V.K. Group case (the software's author) had examined the digital evidence in-depth and accepted that such entries represented only inward entries without indicating quantities, making no additions for unaccounted purchases. Since no incriminating material ..... en-us Mon, 30 Jun 2025 08:44:01 +0530 Mon, 30 Jun 2025 08:44:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=89934 The ITAT allowed the assessee's appeal regarding unexplained sales allegedly found in EmmEss-Gold software during survey action. The revenue relied on digital data seized from investigation wing showing gold purchase/sale transactions. However, the tribunal found that entries marked '1'/'2' against the assessee's name represented inward entries of goods received, not quantities, and these transactions were properly recorded in books of accounts. Significantly, the assessing officer in the V.K. Group case (the software's author) had examined the digital evidence in-depth and accepted that such entries represented only inward entries without indicating quantities, making no additions for unaccounted purchases. Since no incriminating material ..... Highlights Income Tax Mon, 30 Jun 2025 08:44:01 +0530 https://www.taxtmi.com/highlights?id=89934