https://www.taxtmi.com/caselaws?id=281250 The Tribunal held that the Assessing Officer (AO) exceeded his jurisdiction by making additions under Section 69C beyond the scope of the remand directions. The Tribunal upheld the deletion of additions for unaccounted purchases and unaccounted cash paid as commission, as they lacked evidentiary support. The Tribunal also confirmed the rejection of the AO's arbitrary application of a 14% GP rate. The Department's appeal was dismissed, and the assessee's cross-objections were partly allowed. en-us Fri, 04 May 2012 00:00:00 +0530 Tue, 25 Apr 2023 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281250 The Tribunal held that the Assessing Officer (AO) exceeded his jurisdiction by making additions under Section 69C beyond the scope of the remand directions. The Tribunal upheld the deletion of additions for unaccounted purchases and unaccounted cash paid as commission, as they lacked evidentiary support. The Tribunal also confirmed the rejection of the AO's arbitrary application of a 14% GP rate. The Department's appeal was dismissed, and the assessee's cross-objections were partly allowed. Case-Laws Income Tax Fri, 04 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281250