https://www.taxtmi.com/caselaws?id=353125 The Tribunal declared the assessment orders invalid for the years 2008-09 and 2009-10 as no incriminating material was found during the search to justify the additions. The disallowance of purchases was restricted to 5% due to lack of evidence, and depreciation on certain materials (steel) was allowed. Alleged commission charges were deleted for lack of substantiation. The levy of interest under sections 234B and 234C was upheld as consequential, and the dispute on penalty proceedings under section 271(1)(c) was dismissed. The Tribunal issued a consolidated order addressing common issues in all appeals. en-us Tue, 24 Oct 2017 00:00:00 +0530 Wed, 27 Dec 2017 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353125 The Tribunal declared the assessment orders invalid for the years 2008-09 and 2009-10 as no incriminating material was found during the search to justify the additions. The disallowance of purchases was restricted to 5% due to lack of evidence, and depreciation on certain materials (steel) was allowed. Alleged commission charges were deleted for lack of substantiation. The levy of interest under sections 234B and 234C was upheld as consequential, and the dispute on penalty proceedings under section 271(1)(c) was dismissed. The Tribunal issued a consolidated order addressing common issues in all appeals. Case-Laws Income Tax Tue, 24 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353125