https://www.taxtmi.com/caselaws?id=181095 The Tribunal partially upheld the CIT(A)'s decision regarding unrecorded production and profits for the pre-search period, adding Rs. 19,39,418 as undisclosed income. For the post-search period, the Tribunal sustained an addition of Rs. 28,84,854. The Tribunal reversed the CIT(A)'s decision on bogus purchases, restoring the disallowance of Rs. 51,08,219. However, the Tribunal allowed the entire loss of Rs. 33,71,188 on the sale of brass billets. The Tribunal upheld the CIT(A)'s decision on the deduction under Sections 80HH and 80I and the sale of scrap. The Department's appeal was partly allowed, while the Assessee's appeal was allowed. en-us Fri, 30 Oct 2009 00:00:00 +0530 Thu, 07 Apr 2016 11:05:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181095 The Tribunal partially upheld the CIT(A)'s decision regarding unrecorded production and profits for the pre-search period, adding Rs. 19,39,418 as undisclosed income. For the post-search period, the Tribunal sustained an addition of Rs. 28,84,854. The Tribunal reversed the CIT(A)'s decision on bogus purchases, restoring the disallowance of Rs. 51,08,219. However, the Tribunal allowed the entire loss of Rs. 33,71,188 on the sale of brass billets. The Tribunal upheld the CIT(A)'s decision on the deduction under Sections 80HH and 80I and the sale of scrap. The Department's appeal was partly allowed, while the Assessee's appeal was allowed. Case-Laws Income Tax Fri, 30 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181095