https://www.taxtmi.com/caselaws?id=217575 The Tribunal upheld the CIT (A) order for Assessment Years 2003-04 to 2008-09, rejecting the department's appeals against the deletions of additions under section 69C of the IT Act and disallowance of expenditure and depreciation claimed by the assessee. The Tribunal found no error in the CIT (A) decision, emphasizing that the purchases were properly accounted for in the assessee's books, with profits already taxed. The department's grounds of appeal were dismissed, and the assessee's cross objections were also rejected. en-us Fri, 12 Oct 2012 00:00:00 +0530 Wed, 17 Oct 2012 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217575 The Tribunal upheld the CIT (A) order for Assessment Years 2003-04 to 2008-09, rejecting the department's appeals against the deletions of additions under section 69C of the IT Act and disallowance of expenditure and depreciation claimed by the assessee. The Tribunal found no error in the CIT (A) decision, emphasizing that the purchases were properly accounted for in the assessee's books, with profits already taxed. The department's grounds of appeal were dismissed, and the assessee's cross objections were also rejected. Case-Laws Income Tax Fri, 12 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217575