https://www.taxtmi.com/caselaws?id=396540 The Tribunal dismissed the revenue's appeal challenging the allowance of expenses on commodity transactions, emphasizing that the additions based on information from the Investigation Wing did not qualify for the exception provided in Circular No. 03/2018. The decision underscored the significance of adhering to monetary limits and criteria specified in circulars when determining the maintainability of appeals in tax cases. en-us Mon, 08 Jun 2020 00:00:00 +0530 Thu, 09 Jul 2020 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396540 The Tribunal dismissed the revenue's appeal challenging the allowance of expenses on commodity transactions, emphasizing that the additions based on information from the Investigation Wing did not qualify for the exception provided in Circular No. 03/2018. The decision underscored the significance of adhering to monetary limits and criteria specified in circulars when determining the maintainability of appeals in tax cases. Case-Laws Income Tax Mon, 08 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396540