https://www.taxtmi.com/caselaws?id=61349 The Tribunal partially allowed the Revenue's appeal, sustaining the addition of Rs. 75,000 for established charges of overcharging and penalties, despite reducing the original amount from Rs. 97,221. The Tribunal found discrepancies in the assessee's explanation and upheld the charges, emphasizing the established penalties and overcharging. The Tribunal concluded that while the penalties were reduced, an addition was warranted due to unaccounted sales and adulteration, ultimately settling on Rs. 75,000 as the appropriate amount. en-us Fri, 21 Mar 1986 00:00:00 +0530 Wed, 12 Jan 2011 12:53:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61349 The Tribunal partially allowed the Revenue's appeal, sustaining the addition of Rs. 75,000 for established charges of overcharging and penalties, despite reducing the original amount from Rs. 97,221. The Tribunal found discrepancies in the assessee's explanation and upheld the charges, emphasizing the established penalties and overcharging. The Tribunal concluded that while the penalties were reduced, an addition was warranted due to unaccounted sales and adulteration, ultimately settling on Rs. 75,000 as the appropriate amount. Case-Laws Income Tax Fri, 21 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61349