https://www.taxtmi.com/caselaws?id=386181 The Tribunal allowed the assessee's appeal by deleting the addition of Rs. 80,000 under Section 68 of the Income Tax Act, as the small trade deposits were found genuine. Additionally, the Tribunal directed the deletion of the upward adjustment of Rs. 17,77,393 for notional interest on the extended credit period to the Associate Enterprise, as the higher sale price charged to the AE already factored in the extended credit period. The general grounds raised did not require specific adjudication. The final order pronounced on 20.09.2019 directed the deletion of both additions, resulting in a favorable outcome for the assessee. en-us Fri, 20 Sep 2019 00:00:00 +0530 Tue, 24 Sep 2019 07:03:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386181 The Tribunal allowed the assessee's appeal by deleting the addition of Rs. 80,000 under Section 68 of the Income Tax Act, as the small trade deposits were found genuine. Additionally, the Tribunal directed the deletion of the upward adjustment of Rs. 17,77,393 for notional interest on the extended credit period to the Associate Enterprise, as the higher sale price charged to the AE already factored in the extended credit period. The general grounds raised did not require specific adjudication. The final order pronounced on 20.09.2019 directed the deletion of both additions, resulting in a favorable outcome for the assessee. Case-Laws Income Tax Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386181