The tribunal noted that there was no corroborative evidence to support the claim of unaccounted sales
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) stated that torn papers alone were not sufficient to prove the same papers represents the unreported sales in the books of accounts. The tribunal ordered Assessing Officer to conduct a fresh adjudication. Rathi Special Steels Ltd, the appellant-assessee, was involved in manufacturing and trading…
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