https://www.taxtmi.com/caselaws?id=340310 The Tribunal upheld the CIT(A)'s decisions on all issues, including the addition of 12.5% profit on bogus purchases, deletion of liabilities under Section 41(1) due to lack of intention or remission, and allowance of prior period expenses disallowed by the AO. Both the Revenue's and the assessee's appeals were dismissed, with the Tribunal finding the CIT(A) had correctly applied relevant judicial precedents and considered the case facts. The order was pronounced on 15th March 2017. en-us Wed, 15 Mar 2017 00:00:00 +0530 Mon, 20 Mar 2017 10:00:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340310 The Tribunal upheld the CIT(A)'s decisions on all issues, including the addition of 12.5% profit on bogus purchases, deletion of liabilities under Section 41(1) due to lack of intention or remission, and allowance of prior period expenses disallowed by the AO. Both the Revenue's and the assessee's appeals were dismissed, with the Tribunal finding the CIT(A) had correctly applied relevant judicial precedents and considered the case facts. The order was pronounced on 15th March 2017. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340310