https://www.taxtmi.com/caselaws?id=60551 The Tribunal allowed the appeal, deleting the addition of Rs. 31,243 in the trading account. It found the estimation of sales suppression without examining all purchases and sales for the entire accounting period unjustifiable. The rejection of accounts due to the absence of a stock register for miscellaneous goods was deemed unwarranted, emphasizing the need for a reasonable basis for such actions and highlighting the lack of a universal principle mandating rejection solely based on non-maintenance of a stock book. en-us Fri, 03 Feb 1984 00:00:00 +0530 Wed, 05 Jan 2011 18:27:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60551 The Tribunal allowed the appeal, deleting the addition of Rs. 31,243 in the trading account. It found the estimation of sales suppression without examining all purchases and sales for the entire accounting period unjustifiable. The rejection of accounts due to the absence of a stock register for miscellaneous goods was deemed unwarranted, emphasizing the need for a reasonable basis for such actions and highlighting the lack of a universal principle mandating rejection solely based on non-maintenance of a stock book. Case-Laws Income Tax Fri, 03 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60551