https://www.taxtmi.com/caselaws?id=217579 The Tribunal upheld the CIT (A)'s decision, dismissing the department's appeals and deeming the Cross Objections by the assessee academic. The additions under section 69C of the IT Act and the disallowance of expenditure and depreciation claimed by the assessee were deleted, as the purchases were properly recorded in the books of account and had already been taxed, with no evidence of undisclosed income. The Tribunal found in favor of the assessee based on similar precedents and relevant case laws, confirming the orders passed without errors. 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=217579 The Tribunal upheld the CIT (A)'s decision, dismissing the department's appeals and deeming the Cross Objections by the assessee academic. The additions under section 69C of the IT Act and the disallowance of expenditure and depreciation claimed by the assessee were deleted, as the purchases were properly recorded in the books of account and had already been taxed, with no evidence of undisclosed income. The Tribunal found in favor of the assessee based on similar precedents and relevant case laws, confirming the orders passed without errors. Case-Laws Income Tax Fri, 12 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217579