https://www.taxtmi.com/caselaws?id=264672 The Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] to delete the addition of Rs. 1,27,93,522/- made by the Assessing Officer (A.O) on account of alleged profit suppression by the Assessee for the assessment year 2007-08. The ITAT found the A.O's approach flawed, emphasizing substantial operational differences between the Assessee's units and the lack of concrete evidence to support the addition. The ITAT dismissed the Revenue's appeal, affirming the CIT(A)'s order to accept the Assessee's returned income. en-us Thu, 25 Jun 2015 00:00:00 +0530 Wed, 30 Sep 2015 06:23:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264672 The Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] to delete the addition of Rs. 1,27,93,522/- made by the Assessing Officer (A.O) on account of alleged profit suppression by the Assessee for the assessment year 2007-08. The ITAT found the A.O's approach flawed, emphasizing substantial operational differences between the Assessee's units and the lack of concrete evidence to support the addition. The ITAT dismissed the Revenue's appeal, affirming the CIT(A)'s order to accept the Assessee's returned income. Case-Laws Income Tax Thu, 25 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264672