https://www.taxtmi.com/caselaws?id=268502 The Court dismissed the appeal, upholding decisions in favor of the Assessee concerning consignment purchases and creditors' identity and creditworthiness. The Assessing Officer's additions to taxable income based on profit calculations and undisclosed closing stock were not sustained, as the Commissioner of Income Tax (Appeal) allowed the Assessee's appeal, considering additional evidence provided. The Court found no legal error in the ITAT's conclusions, affirming the decisions in favor of the Assessee against the Revenue. en-us Mon, 16 Nov 2015 00:00:00 +0530 Fri, 27 Nov 2015 10:55:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268502 The Court dismissed the appeal, upholding decisions in favor of the Assessee concerning consignment purchases and creditors' identity and creditworthiness. The Assessing Officer's additions to taxable income based on profit calculations and undisclosed closing stock were not sustained, as the Commissioner of Income Tax (Appeal) allowed the Assessee's appeal, considering additional evidence provided. The Court found no legal error in the ITAT's conclusions, affirming the decisions in favor of the Assessee against the Revenue. Case-Laws Income Tax Mon, 16 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268502