https://www.taxtmi.com/caselaws?id=194823 The Tribunal held that additions made by the Assessing Officer for AYs 2002-03 to 2004-05 were deleted as no incriminating material was found during the search. Gross profit rate adjustments for AY 2005-06 were upheld due to unverified purchases. Unexplained investment under Section 69 was reduced based on additional evidence. The acceptance of additional evidence by the CIT(A) was deemed valid. Unproved liabilities were remanded for further examination, while unexplained cash deposits were deleted. Appeals for the mentioned years were dismissed or allowed accordingly. en-us Tue, 25 Oct 2016 00:00:00 +0530 Fri, 29 Sep 2017 11:52:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194823 The Tribunal held that additions made by the Assessing Officer for AYs 2002-03 to 2004-05 were deleted as no incriminating material was found during the search. Gross profit rate adjustments for AY 2005-06 were upheld due to unverified purchases. Unexplained investment under Section 69 was reduced based on additional evidence. The acceptance of additional evidence by the CIT(A) was deemed valid. Unproved liabilities were remanded for further examination, while unexplained cash deposits were deleted. Appeals for the mentioned years were dismissed or allowed accordingly. Case-Laws Income Tax Tue, 25 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194823