https://www.taxtmi.com/caselaws?id=242331 The Tribunal upheld the Assessing Officer's decision to delete Rs.15,38,350 for suppressed purchases, citing the prohibition on deduction for unexplained expenditures under section 69C. Additionally, the Tribunal affirmed the deletion of Rs.65,257 for sales tax penalty, reducing it to Rs.12,000 after examination of challans. Regarding the Rs.16,23,510 deletion under section 41(1) for 'cessation of liability,' the Tribunal agreed with the CIT(A) that the amount had been written back in the previous year, thus upholding the deletion. The appeal was partially allowed for statistical purposes, maintaining the deletions based on the application of relevant legal provisions. en-us Thu, 19 Dec 2013 00:00:00 +0530 Mon, 13 Jan 2014 09:51:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242331 The Tribunal upheld the Assessing Officer's decision to delete Rs.15,38,350 for suppressed purchases, citing the prohibition on deduction for unexplained expenditures under section 69C. Additionally, the Tribunal affirmed the deletion of Rs.65,257 for sales tax penalty, reducing it to Rs.12,000 after examination of challans. Regarding the Rs.16,23,510 deletion under section 41(1) for 'cessation of liability,' the Tribunal agreed with the CIT(A) that the amount had been written back in the previous year, thus upholding the deletion. The appeal was partially allowed for statistical purposes, maintaining the deletions based on the application of relevant legal provisions. Case-Laws Income Tax Thu, 19 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242331