https://www.taxtmi.com/caselaws?id=268553 The Tribunal upheld the Ld CIT(A)'s decisions to delete all three additions challenged by the revenue. It ruled that lack of supplier response alone was insufficient for disallowance of 10% of purchases, faulted the AO for disallowing 10% of labour charges without proper examination, and criticized the addition of sundry creditors balance without adequate time for confirmation. The Tribunal emphasized the necessity of proper justification and evidence in assessment, supporting the Ld CIT(A)'s reasoning for deletion of the challenged additions. en-us Tue, 06 Oct 2015 00:00:00 +0530 Fri, 27 Nov 2015 23:50:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268553 The Tribunal upheld the Ld CIT(A)'s decisions to delete all three additions challenged by the revenue. It ruled that lack of supplier response alone was insufficient for disallowance of 10% of purchases, faulted the AO for disallowing 10% of labour charges without proper examination, and criticized the addition of sundry creditors balance without adequate time for confirmation. The Tribunal emphasized the necessity of proper justification and evidence in assessment, supporting the Ld CIT(A)'s reasoning for deletion of the challenged additions. Case-Laws Income Tax Tue, 06 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268553