Mahamaya Steel Industries Ltd.,, ... vs D.C.I.T. Central Cricle, Raipur on 7 November, 2019
7.39 The significance of tangible evidence is indicative from the fact that in
Commissioner of Income Tax Vs. Vishal Rubber Products (2003) 264
ITR 542 (P&H) : (2004) 136 TAXMAN 151 despite Balance Sheet having been
found from the premises searched, no addition was sustained in the
absence of tangible evidence.