https://www.taxtmi.com/caselaws?id=169936 The Tribunal found no unexplained income on account of sales or purchases, canceling the additions made by the Assessing Officer. The Tribunal emphasized that the statement made by Shri Harmesh Arora alone, without corroborative material, could not justify the additions. As a result, the Tribunal dismissed all appeals, affirming the cancellation of additions and the order passed by the CIT under section 263 of the Income-tax Act, 1961. en-us Mon, 21 Jul 2014 00:00:00 +0530 Tue, 12 May 2015 11:59:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169936 The Tribunal found no unexplained income on account of sales or purchases, canceling the additions made by the Assessing Officer. The Tribunal emphasized that the statement made by Shri Harmesh Arora alone, without corroborative material, could not justify the additions. As a result, the Tribunal dismissed all appeals, affirming the cancellation of additions and the order passed by the CIT under section 263 of the Income-tax Act, 1961. Case-Laws Income Tax Mon, 21 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169936