https://www.taxtmi.com/caselaws?id=341944 The ITAT dismissed all five appeals filed by the Revenue, upholding the CIT(A)'s decisions to delete the additions on account of GP rate applied on suppressed production, scrap value, and interest related to interest-free advance. The tribunal found that the AO's assessments were based on unsupported figures in Form A, without material evidence of higher import, purchase, or production than recorded in the books. The decisions were consistent with findings in previous assessment years and supported by verified import quantities from DGFT records. en-us Fri, 07 Apr 2017 00:00:00 +0530 Fri, 21 Apr 2017 07:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341944 The ITAT dismissed all five appeals filed by the Revenue, upholding the CIT(A)'s decisions to delete the additions on account of GP rate applied on suppressed production, scrap value, and interest related to interest-free advance. The tribunal found that the AO's assessments were based on unsupported figures in Form A, without material evidence of higher import, purchase, or production than recorded in the books. The decisions were consistent with findings in previous assessment years and supported by verified import quantities from DGFT records. Case-Laws Income Tax Fri, 07 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341944