https://www.taxtmi.com/caselaws?id=68060 The CIT(A) deleted the trading addition of Rs. 35,775 made by the ITO under s. 145, citing verified quantity information and improved results compared to the previous year. The ITAT upheld the CIT(A)'s decision, noting no irregularities in the provided information and dismissing the Revenue's appeal. The ITAT also rejected the assessee's cross-objection related to investment allowance for re-fabricated second-hand equipment and interest payments, upholding the CIT(A)'s decisions on these matters. The cross-objection was deemed infructuous in relation to the departmental appeal, which was dismissed. en-us Tue, 26 Jul 1988 00:00:00 +0530 Wed, 16 Mar 2011 17:01:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68060 The CIT(A) deleted the trading addition of Rs. 35,775 made by the ITO under s. 145, citing verified quantity information and improved results compared to the previous year. The ITAT upheld the CIT(A)'s decision, noting no irregularities in the provided information and dismissing the Revenue's appeal. The ITAT also rejected the assessee's cross-objection related to investment allowance for re-fabricated second-hand equipment and interest payments, upholding the CIT(A)'s decisions on these matters. The cross-objection was deemed infructuous in relation to the departmental appeal, which was dismissed. Case-Laws Income Tax Tue, 26 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68060