https://www.taxtmi.com/caselaws?id=65430 The Tribunal dismissed the Revenue's appeal concerning adjustments under section 143(1)(a) and upheld the CIT(A)'s decisions on disallowance under section 40A(3) and penalties under section 37(1). It reversed the CIT(A)'s decision on excise duty deduction under section 43B, allowing the Revenue's appeal. The Tribunal restored the issue of addition under section 68 for fresh consideration, directing the CIT(A) to assess the genuineness of the sale transaction. en-us Thu, 30 Jun 2005 00:00:00 +0530 Mon, 06 May 2024 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65430 The Tribunal dismissed the Revenue's appeal concerning adjustments under section 143(1)(a) and upheld the CIT(A)'s decisions on disallowance under section 40A(3) and penalties under section 37(1). It reversed the CIT(A)'s decision on excise duty deduction under section 43B, allowing the Revenue's appeal. The Tribunal restored the issue of addition under section 68 for fresh consideration, directing the CIT(A) to assess the genuineness of the sale transaction. Case-Laws Income Tax Thu, 30 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65430