https://www.taxtmi.com/caselaws?id=59548 The appeal was partly allowed. The addition of Rs. 12,50,000 under Section 68 of the IT Act was reduced to Rs. 2.5 lakhs. The addition of Rs. 7,50,000 under Section 68 was deleted. Additionally, the addition of Rs. 51,13,835 under Section 69C for unexplained expenditure on customs duty and clearing charges was also deleted. en-us Wed, 22 Sep 2004 00:00:00 +0530 Thu, 30 Dec 2010 16:04:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59548 The appeal was partly allowed. The addition of Rs. 12,50,000 under Section 68 of the IT Act was reduced to Rs. 2.5 lakhs. The addition of Rs. 7,50,000 under Section 68 was deleted. Additionally, the addition of Rs. 51,13,835 under Section 69C for unexplained expenditure on customs duty and clearing charges was also deleted. Case-Laws Income Tax Wed, 22 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59548