https://www.taxtmi.com/caselaws?id=386900 The Tribunal confirmed the CIT(A)'s decision to restrict the addition of unexplained expenditure to the peak of purchases, considering the lack of concrete evidence and failure to verify transactions. The appeal filed by the Revenue was dismissed, highlighting the significance of evaluating all facts and circumstances in determining unexplained expenditures based on peak purchases. en-us Wed, 31 Jul 2019 00:00:00 +0530 Fri, 11 Oct 2019 12:33:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386900 The Tribunal confirmed the CIT(A)'s decision to restrict the addition of unexplained expenditure to the peak of purchases, considering the lack of concrete evidence and failure to verify transactions. The appeal filed by the Revenue was dismissed, highlighting the significance of evaluating all facts and circumstances in determining unexplained expenditures based on peak purchases. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386900