https://www.taxtmi.com/caselaws?id=286008 The Tribunal dismissed the revenue's appeal, upholding the decisions of the learned Commissioner (Appeals) on both issues. The deletion of the trading addition of Rs. 15,31,790 made by the assessing officer on account of deduction u/s 10B was upheld due to the lack of evidence establishing a close connection between the Assessee and another entity. Additionally, the deletion of the addition of Rs. 12,69,701 on account of ALP was affirmed as the assessing officer failed to justify the adjustments and establish the related party status of the buyer. en-us Thu, 30 Sep 2010 00:00:00 +0530 Fri, 07 Feb 2020 10:29:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286008 The Tribunal dismissed the revenue's appeal, upholding the decisions of the learned Commissioner (Appeals) on both issues. The deletion of the trading addition of Rs. 15,31,790 made by the assessing officer on account of deduction u/s 10B was upheld due to the lack of evidence establishing a close connection between the Assessee and another entity. Additionally, the deletion of the addition of Rs. 12,69,701 on account of ALP was affirmed as the assessing officer failed to justify the adjustments and establish the related party status of the buyer. Case-Laws Income Tax Thu, 30 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286008