https://www.taxtmi.com/caselaws?id=350297 The Tribunal partly allowed the revenue's appeal by upholding the deletion of the addition towards the variation in closing stock. The issue of suppression of sales and unexplained investment in purchases was remitted back to the Assessing Officer for reconsideration based on the revised VAT returns. The assessments made under Section 153A were deemed valid, and the CIT(A)'s approach of considering both legal and merit grounds was affirmed. en-us Wed, 18 Oct 2017 00:00:00 +0530 Fri, 03 Nov 2017 10:52:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350297 The Tribunal partly allowed the revenue's appeal by upholding the deletion of the addition towards the variation in closing stock. The issue of suppression of sales and unexplained investment in purchases was remitted back to the Assessing Officer for reconsideration based on the revised VAT returns. The assessments made under Section 153A were deemed valid, and the CIT(A)'s approach of considering both legal and merit grounds was affirmed. Case-Laws Income Tax Wed, 18 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350297