https://www.taxtmi.com/caselaws?id=350619 The ITAT allowed the appeal, deleting the addition of Rs. 17,22,132/- under Section 69C of the Income Tax Act, 1961, as the assessee provided evidence that the purchases were made through account payee cheques using sale proceeds. The ITAT found the CIT(A) failed to identify any errors in the reconciliation of purchases and sales, concluding that the addition was unjustified. en-us Wed, 09 Aug 2017 00:00:00 +0530 Thu, 09 Nov 2017 08:11:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350619 The ITAT allowed the appeal, deleting the addition of Rs. 17,22,132/- under Section 69C of the Income Tax Act, 1961, as the assessee provided evidence that the purchases were made through account payee cheques using sale proceeds. The ITAT found the CIT(A) failed to identify any errors in the reconciliation of purchases and sales, concluding that the addition was unjustified. Case-Laws Income Tax Wed, 09 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350619