Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
Additions towards the alleged unaccounted sales - The AT noted that the addition had been deleted by the ld. CIT(A), and since there was no appeal from the Revenue, this issue was resolved in favor of the assessee. Concerning the stock difference, it was observed that the gross profit until the survey date was already included in the gross profit for the entire financial year, thus making any additional addition redundant and amounting to double counting. Consequently, the AT directed the Assessing Officer to delete the addition.
Additions towards the alleged unaccounted sales - The AT noted that the addition had been deleted by the ld. CIT(A), and since there was no appeal from the Revenue, this issue was resolved in favor of the assessee. Concerning the stock difference, it was observed that the gross profit until the survey date was already included in the gross profit for the entire financial year, thus making any additional addition redundant and amounting to double counting. Consequently, the AT directed the Assessing Officer to delete the addition.
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