https://www.taxtmi.com/caselaws?id=391411 The Tribunal dismissed the revenue's appeals and allowed the assessee's appeal regarding the addition on account of differences in rates charged to customers compared to market rates. The Tribunal found the addition was based on estimation without proper inquiry and deleted it, citing lack of cogent evidence. The issue of alleged bogus purchases was decided in favor of the revenue. Additional grounds were not addressed as a result of the decision on the second issue. The Tribunal applied similar findings in another appeal and ruled in favor of the assessee. en-us Mon, 13 Jan 2020 00:00:00 +0530 Mon, 27 Jan 2020 07:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391411 The Tribunal dismissed the revenue's appeals and allowed the assessee's appeal regarding the addition on account of differences in rates charged to customers compared to market rates. The Tribunal found the addition was based on estimation without proper inquiry and deleted it, citing lack of cogent evidence. The issue of alleged bogus purchases was decided in favor of the revenue. Additional grounds were not addressed as a result of the decision on the second issue. The Tribunal applied similar findings in another appeal and ruled in favor of the assessee. Case-Laws Income Tax Mon, 13 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391411