1986 (11) TMI 134 - AT - Income Tax

Summary

The judgment by Appellate Tribunal ITAT Jaipur involved appeals by the assessee and the Department regarding an addition of Rs. 60,000 to the declared income. The Department's appeal was for reducing the addition from Rs. 1,20,000 to Rs. 60,000. The Department doubted purchases made by the assessee but lacked evidence to disprove sales or the accuracy of the books. The Tribunal found no evidence to support the addition and allowed the assessee's appeal while dismissing the Department's appeal.