https://www.taxtmi.com/caselaws?id=59551 The Tribunal adjudicated multiple issues arising from a search under s. 132 of the IT Act, 1961. It deleted additions related to unaccounted investments in land, jewellery, cash, and alleged suppression of ghee sales, citing lack of corroborative evidence and procedural deficiencies. However, it upheld the disallowance of a bad debt claim due to improper accounting. The appeals by individual assessees and M/s Arora Construction & Developers, and M/s Modern Cream Dairy Industries (P) Ltd. were allowed, while the appeal by M/s Modern Dairy & Ice Plant was partly allowed. en-us Fri, 26 Aug 2005 00:00:00 +0530 Tue, 23 Apr 2024 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59551 The Tribunal adjudicated multiple issues arising from a search under s. 132 of the IT Act, 1961. It deleted additions related to unaccounted investments in land, jewellery, cash, and alleged suppression of ghee sales, citing lack of corroborative evidence and procedural deficiencies. However, it upheld the disallowance of a bad debt claim due to improper accounting. The appeals by individual assessees and M/s Arora Construction & Developers, and M/s Modern Cream Dairy Industries (P) Ltd. were allowed, while the appeal by M/s Modern Dairy & Ice Plant was partly allowed. Case-Laws Income Tax Fri, 26 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59551