https://www.taxtmi.com/caselaws?id=57816 The Tribunal allowed the appeal of the assessee, reversing the CIT(A)'s order. The assessment was deemed to be based on doubts and suspicion without concrete evidence. The evidence presented, such as authenticated exit slips and farmer examinations, supported the claim that the goods were returned to farmers and not owned by the assessee. The Revenue's case was considered weak, relying on assumptions and lacking substantial proof. Consequently, the Tribunal ruled in favor of the assessee due to the insufficiency of evidence supporting the Revenue's claims. en-us Mon, 20 Sep 2004 00:00:00 +0530 Mon, 13 Dec 2010 17:26:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57816 The Tribunal allowed the appeal of the assessee, reversing the CIT(A)'s order. The assessment was deemed to be based on doubts and suspicion without concrete evidence. The evidence presented, such as authenticated exit slips and farmer examinations, supported the claim that the goods were returned to farmers and not owned by the assessee. The Revenue's case was considered weak, relying on assumptions and lacking substantial proof. Consequently, the Tribunal ruled in favor of the assessee due to the insufficiency of evidence supporting the Revenue's claims. Case-Laws Income Tax Mon, 20 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57816