https://www.taxtmi.com/caselaws?id=382832 The Tribunal allowed the appeal, deleting significant additions made by the AO for various alleged discrepancies such as illegal gratification, transfer pricing adjustments, seized invoices, per diem expenses, bogus purchases, professional fees, traveling expenses, related party transactions, and others. The Tribunal emphasized the importance of proper verification and evidence before making such additions, ultimately ruling in favor of the assessee on most grounds. Penalty proceedings were dismissed as premature. en-us Mon, 01 Jul 2019 00:00:00 +0530 Wed, 10 Jul 2019 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382832 The Tribunal allowed the appeal, deleting significant additions made by the AO for various alleged discrepancies such as illegal gratification, transfer pricing adjustments, seized invoices, per diem expenses, bogus purchases, professional fees, traveling expenses, related party transactions, and others. The Tribunal emphasized the importance of proper verification and evidence before making such additions, ultimately ruling in favor of the assessee on most grounds. Penalty proceedings were dismissed as premature. Case-Laws Income Tax Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382832