https://www.taxtmi.com/caselaws?id=57845 The Tribunal partially allowed the appeal filed by the assessee, directing the AO to recompute the value of unaccounted sales based on actual purchase values rather than the rate adopted previously. The Tribunal deemed the additional amount added by the CIT(A) unnecessary and deleted it, emphasizing the importance of verifying the accuracy of statements and proofs during assessments. The explanations provided by the assessee were found unreliable, with discrepancies in dates of delivery and billing noted. The Tribunal disagreed with the AO and CIT(A) on certain additions, leading to a favorable outcome for the assessee in part. en-us Tue, 08 Jul 2003 00:00:00 +0530 Tue, 19 Jun 2012 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57845 The Tribunal partially allowed the appeal filed by the assessee, directing the AO to recompute the value of unaccounted sales based on actual purchase values rather than the rate adopted previously. The Tribunal deemed the additional amount added by the CIT(A) unnecessary and deleted it, emphasizing the importance of verifying the accuracy of statements and proofs during assessments. The explanations provided by the assessee were found unreliable, with discrepancies in dates of delivery and billing noted. The Tribunal disagreed with the AO and CIT(A) on certain additions, leading to a favorable outcome for the assessee in part. Case-Laws Income Tax Tue, 08 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57845