Mere suppression of turnover do not lead to taxable income in the head of Assessee

HIGH COURT OF KARNATAKA Commissioner of Income-tax versus Vega Auto Accessories (P.) Ltd. IT Appeal Nos. 5014 to 5016 of 2011 August 8, 2012 JUDGMENT N. Kumar, J. As the questions involved in all these appeals are one and the same and between the same parties for different assessment years, they are taken up for consideration together and disposed off by this common order. 2. The assessee is a manufacturer of safety head-gear being helmets and sells their goods in the name of ‘Vega’ branded helmet. There was a survey action in the business premises on 17.10.2007 wh...