https://www.taxtmi.com/caselaws?id=182757 The Tribunal upheld the additions made by the Assessing Officer and CIT(A) in the case. This included treating Rs. 74,73,020 as bogus purchases under Section 69C due to lack of supporting evidence, adding Rs. 15,65,000 as unexplained credit under Section 68, and including Rs. 2,00,000 for stock valuation discrepancies. The Tribunal also confirmed the levy of interest under Sections 234A, 234B, and 234C. The assessee's appeal was dismissed, affirming the decisions of the lower authorities. en-us Tue, 03 Nov 2015 00:00:00 +0530 Thu, 19 May 2016 08:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182757 The Tribunal upheld the additions made by the Assessing Officer and CIT(A) in the case. This included treating Rs. 74,73,020 as bogus purchases under Section 69C due to lack of supporting evidence, adding Rs. 15,65,000 as unexplained credit under Section 68, and including Rs. 2,00,000 for stock valuation discrepancies. The Tribunal also confirmed the levy of interest under Sections 234A, 234B, and 234C. The assessee's appeal was dismissed, affirming the decisions of the lower authorities. Case-Laws Income Tax Tue, 03 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182757