https://www.taxtmi.com/caselaws?id=68549 The ITAT upheld the CIT(A)'s decision to delete the addition of Rs. 1,31,774 for fictitious purchases, agreeing that the AO's acceptance of sales contradicted the claim of fictitious purchases. The ITAT also supported the CIT(A)'s decision to set aside the Rs. 24,000 addition for unexplained cash credits, allowing reassessment. The Revenue's appeal was dismissed, affirming the CIT(A)'s orders. en-us Wed, 17 Sep 2003 00:00:00 +0530 Fri, 09 Aug 2024 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68549 The ITAT upheld the CIT(A)'s decision to delete the addition of Rs. 1,31,774 for fictitious purchases, agreeing that the AO's acceptance of sales contradicted the claim of fictitious purchases. The ITAT also supported the CIT(A)'s decision to set aside the Rs. 24,000 addition for unexplained cash credits, allowing reassessment. The Revenue's appeal was dismissed, affirming the CIT(A)'s orders. Case-Laws Income Tax Wed, 17 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68549