https://www.taxtmi.com/caselaws?id=64361 The Tribunal upheld the CIT(A)'s deletion of the addition of Rs. 51,65,820 related to purchases from Adbros Electro Tech, finding no discrepancies in the transactions. However, regarding the addition of Rs. 1,00,04,855 for bogus cash sale entries, the Third Member agreed with the AM, justifying the addition due to insufficient evidence from the assessee. The disallowance of Rs. 88,106 for guest house expenses and the deduction of Rs. 40,26,166 for goods in transit were remanded to the AO for further examination to verify their legitimacy. en-us Thu, 23 Oct 2008 00:00:00 +0530 Thu, 16 Nov 2023 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64361 The Tribunal upheld the CIT(A)'s deletion of the addition of Rs. 51,65,820 related to purchases from Adbros Electro Tech, finding no discrepancies in the transactions. However, regarding the addition of Rs. 1,00,04,855 for bogus cash sale entries, the Third Member agreed with the AM, justifying the addition due to insufficient evidence from the assessee. The disallowance of Rs. 88,106 for guest house expenses and the deduction of Rs. 40,26,166 for goods in transit were remanded to the AO for further examination to verify their legitimacy. Case-Laws Income Tax Thu, 23 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64361