Held that suppression of sales estimated by practice prevalent in industry without backing evidence. Order of CIT(A) deleting the addition is affirmed. Addition as unexplained cash credit is affirmed. (BP. 2-8-1996 to 11-2-2000)
Dy. CIT v. Yash Organics Ltd. (2024) 115 ITR 61 (SN)(Ahd)(Trib)
S. 158BC : Block assessment-Cash credits-Suppression of sales-Industry practice-Undisclosed income-Addition on total sale proceeds is unjustified-Un explained cash credit is affirmed. [S. 68, 132A]