https://www.taxtmi.com/caselaws?id=275483 The Tribunal upheld the Commissioner (Appeals) decision to delete unexplained expenditure of Rs. 56,24,792 under section 69C of the Income Tax Act for Assessment Year 2009-10. The Revenue's appeal, challenging the deletion due to bogus purchases, was dismissed based on consistency with a similar deletion for the assessment year 2010-11. Despite the Revenue's argument that the assessee failed to verify purchases, the Tribunal emphasized the principle of consistency and lack of differentiation in facts, affirming the Commissioner (Appeals) decision. en-us Wed, 08 Feb 2017 00:00:00 +0530 Fri, 05 Oct 2018 07:33:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275483 The Tribunal upheld the Commissioner (Appeals) decision to delete unexplained expenditure of Rs. 56,24,792 under section 69C of the Income Tax Act for Assessment Year 2009-10. The Revenue's appeal, challenging the deletion due to bogus purchases, was dismissed based on consistency with a similar deletion for the assessment year 2010-11. Despite the Revenue's argument that the assessee failed to verify purchases, the Tribunal emphasized the principle of consistency and lack of differentiation in facts, affirming the Commissioner (Appeals) decision. Case-Laws Income Tax Wed, 08 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275483