https://www.taxtmi.com/caselaws?id=293330 The ITAT allowed the appeal, ruling that the addition made by the AO and restricted by CIT(A) was unjustified as the assessee demonstrated better trading results compared to previous years. The ITAT cited the case of Goodwill Impex Ltd vs DCIT, emphasizing that no additional additions should be made when a company shows improved trading results. Consequently, the ITAT deleted the addition made by the AO, and the appeal was allowed with no order as to cost, with the judgment pronounced on 26/09/2019. en-us Thu, 26 Sep 2019 00:00:00 +0530 Fri, 21 May 2021 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293330 The ITAT allowed the appeal, ruling that the addition made by the AO and restricted by CIT(A) was unjustified as the assessee demonstrated better trading results compared to previous years. The ITAT cited the case of Goodwill Impex Ltd vs DCIT, emphasizing that no additional additions should be made when a company shows improved trading results. Consequently, the ITAT deleted the addition made by the AO, and the appeal was allowed with no order as to cost, with the judgment pronounced on 26/09/2019. Case-Laws Income Tax Thu, 26 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293330