https://www.taxtmi.com/caselaws?id=56561 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,05,800, rejecting the Revenue's claim that the liability was bogus. The Tribunal found the assessee's accounting methods consistent and verifiable, with genuine purchases and sales. Acknowledging CBDT instructions, the Tribunal dismissed the Revenue's appeal, emphasizing that Karigars' physical verification was unnecessary if sales were verifiable. en-us Tue, 31 May 2005 00:00:00 +0530 Thu, 02 May 2024 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56561 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,05,800, rejecting the Revenue's claim that the liability was bogus. The Tribunal found the assessee's accounting methods consistent and verifiable, with genuine purchases and sales. Acknowledging CBDT instructions, the Tribunal dismissed the Revenue's appeal, emphasizing that Karigars' physical verification was unnecessary if sales were verifiable. Case-Laws Income Tax Tue, 31 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56561