https://www.taxtmi.com/caselaws?id=56710 The Appellate Tribunal ruled in favor of the assessee in a tax appeal case. The Tribunal found that the Income Tax Officer's addition of Rs. 3,000 to the firm's income for alleged involvement in manufacturing jelly was unfounded, as the diary entry cited did not prove the firm's ownership of the jelly business. Additionally, the Tribunal accepted the explanations provided for credit entries in the exercise book, leading to the deletion of Rs. 13,855 and Rs. 24,748 additions from the assessment. The appeal was allowed in favor of the assessee. en-us Thu, 23 Sep 1982 00:00:00 +0530 Mon, 06 Dec 2010 14:06:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56710 The Appellate Tribunal ruled in favor of the assessee in a tax appeal case. The Tribunal found that the Income Tax Officer's addition of Rs. 3,000 to the firm's income for alleged involvement in manufacturing jelly was unfounded, as the diary entry cited did not prove the firm's ownership of the jelly business. Additionally, the Tribunal accepted the explanations provided for credit entries in the exercise book, leading to the deletion of Rs. 13,855 and Rs. 24,748 additions from the assessment. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Thu, 23 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56710