Dismissing the appeal the Court held that Tribunal reduced addition to 10 per cent towards purchase on undisclosed sales. Court held that entire matter was factual and there was no error in decision making process adopted by Tribunal or for that matter by Commissioner (Appeals). Order of Tribunal is affirmed. (AY. 2001-02)
Durgesh Chandra Sarkar v. CIT (2023) 293 Taxman 91 (Cal.)(HC)
S. 69A : Unexplained money-Undisclosed purchases and sales-Tribunal reduced the addition to 10 percent towards purchase on undisclosed sales-Order of Tribunal is affirmed. [S. 147, 148, 260A]