https://www.taxtmi.com/caselaws?id=71964 The Tribunal set aside the CIT(A)'s order that deleted the addition of Rs. 64,73,337 for suppressed sales, remanding the issue for fresh evaluation with a requirement for the assessee to provide substantial evidence linking the sales to C.P. Udyog. The Tribunal also remanded the addition of Rs. 32,89,882 for low gross profit to the CIT(A) for reconsideration based on the outcome of the suppressed sales issue. The Tribunal upheld the validity of the assessment order under Section 292BB, dismissing objections regarding the late service of notice, and allowed the Department's appeals for statistical purposes. en-us Tue, 30 Sep 2008 00:00:00 +0530 Sat, 09 Dec 2023 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71964 The Tribunal set aside the CIT(A)'s order that deleted the addition of Rs. 64,73,337 for suppressed sales, remanding the issue for fresh evaluation with a requirement for the assessee to provide substantial evidence linking the sales to C.P. Udyog. The Tribunal also remanded the addition of Rs. 32,89,882 for low gross profit to the CIT(A) for reconsideration based on the outcome of the suppressed sales issue. The Tribunal upheld the validity of the assessment order under Section 292BB, dismissing objections regarding the late service of notice, and allowed the Department's appeals for statistical purposes. Case-Laws Income Tax Tue, 30 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71964