https://www.taxtmi.com/caselaws?id=396580 The Tribunal dismissed the assessee's appeal against the CIT(A)'s order, upholding the ad-hoc addition of Rs. 25,00,000 to the returned income by the Assessing Officer. The Tribunal found the assessee's explanations regarding the fall in gross profit margin insufficient, particularly in relation to sales to related parties without evidence of agreed pricing arrangements. The appeal was denied based on the lack of satisfactory evidence and grounds presented by the assessee during the proceedings. en-us Thu, 09 Jul 2020 00:00:00 +0530 Sat, 11 Jul 2020 11:34:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396580 The Tribunal dismissed the assessee's appeal against the CIT(A)'s order, upholding the ad-hoc addition of Rs. 25,00,000 to the returned income by the Assessing Officer. The Tribunal found the assessee's explanations regarding the fall in gross profit margin insufficient, particularly in relation to sales to related parties without evidence of agreed pricing arrangements. The appeal was denied based on the lack of satisfactory evidence and grounds presented by the assessee during the proceedings. Case-Laws Income Tax Thu, 09 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396580