https://www.taxtmi.com/caselaws?id=246003 The Tribunal dismissed the Revenue's appeal against the deletion of additions under Section 69C and disallowance of expenditure and depreciation. The Tribunal upheld the CIT(A)'s findings that purchases were accounted for in the books, explaining the source of expenditure, and no specific disallowable expenditure was identified. The Tribunal also dismissed the assessee's cross-objections regarding the validity of the notice and assessment order under Section 153C, deeming them futile after granting relief on merits. The decision emphasized proper accounting practices and specific identification of disallowable expenses. en-us Fri, 28 Mar 2014 00:00:00 +0530 Mon, 07 Apr 2014 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246003 The Tribunal dismissed the Revenue's appeal against the deletion of additions under Section 69C and disallowance of expenditure and depreciation. The Tribunal upheld the CIT(A)'s findings that purchases were accounted for in the books, explaining the source of expenditure, and no specific disallowable expenditure was identified. The Tribunal also dismissed the assessee's cross-objections regarding the validity of the notice and assessment order under Section 153C, deeming them futile after granting relief on merits. The decision emphasized proper accounting practices and specific identification of disallowable expenses. Case-Laws Income Tax Fri, 28 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246003