https://www.taxtmi.com/caselaws?id=286363 The Tribunal partly allowed the Revenue's appeal for statistical purposes and partly allowed the assessee's Cross Objection. It confirmed some additions and deletions while remanding certain issues back to the AO for verification. The Tribunal upheld the deletion of addition for negative cash balance, unexplained cash credits, and low gross profit. It confirmed the addition for unaccounted purchases and sales detected by the Sales Tax Department and the sales tax penalty. However, it reversed the addition for non-deduction of TDS on transportation expenses and excess claim of salary and wages, allowing the assessee's grounds in the Cross Objection. en-us Fri, 23 Jan 2015 00:00:00 +0530 Sun, 23 Feb 2020 12:46:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286363 The Tribunal partly allowed the Revenue's appeal for statistical purposes and partly allowed the assessee's Cross Objection. It confirmed some additions and deletions while remanding certain issues back to the AO for verification. The Tribunal upheld the deletion of addition for negative cash balance, unexplained cash credits, and low gross profit. It confirmed the addition for unaccounted purchases and sales detected by the Sales Tax Department and the sales tax penalty. However, it reversed the addition for non-deduction of TDS on transportation expenses and excess claim of salary and wages, allowing the assessee's grounds in the Cross Objection. Case-Laws Income Tax Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286363