https://www.taxtmi.com/caselaws?id=331659 The Court upheld the Tribunal's decisions favoring the assessee, dismissing the revenue's appeals on issues including inflated purchases, unexplained investments, and disallowance of interest received. The additions and penalties imposed by the Assessing Officer and CIT(A) were deemed unjustified, leading to the cancellation of penalties and deletions of additions in favor of the assessee. en-us Fri, 12 Aug 2016 00:00:00 +0530 Tue, 30 Aug 2016 10:59:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331659 The Court upheld the Tribunal's decisions favoring the assessee, dismissing the revenue's appeals on issues including inflated purchases, unexplained investments, and disallowance of interest received. The additions and penalties imposed by the Assessing Officer and CIT(A) were deemed unjustified, leading to the cancellation of penalties and deletions of additions in favor of the assessee. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331659