https://www.taxtmi.com/caselaws?id=286134 The Revenue's appeal against the CIT (A)'s order for Assessment Year 2007-08, challenging the deletion of additions related to unaccounted investments in purchases and Gross Profit, was dismissed by the Appellate Tribunal ITAT SURAT. The Tribunal found that the additions were solely based on retracted statements without concrete evidence, and the CESTAT's decision supported the dismissal. Therefore, the CIT (A)'s order was upheld, and the Revenue's appeal was dismissed on 03.05.2019. en-us Fri, 03 May 2019 00:00:00 +0530 Thu, 13 Feb 2020 15:38:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286134 The Revenue's appeal against the CIT (A)'s order for Assessment Year 2007-08, challenging the deletion of additions related to unaccounted investments in purchases and Gross Profit, was dismissed by the Appellate Tribunal ITAT SURAT. The Tribunal found that the additions were solely based on retracted statements without concrete evidence, and the CESTAT's decision supported the dismissal. Therefore, the CIT (A)'s order was upheld, and the Revenue's appeal was dismissed on 03.05.2019. Case-Laws Income Tax Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286134