https://www.taxtmi.com/caselaws?id=404563 The appeal filed by the assessee was partly allowed, and the appeal filed by the revenue was dismissed. The Tribunal decided in favor of the assessee on issues related to disallowance of advertisement expenditure, other expenditure, non-granting of depreciation on capital expenditure, deletion of addition for unexplained credits, and restriction of addition to 5% of bogus purchases. The issues regarding the validity of notice issued under Section 148 and formal issues were decided in favor of the revenue. en-us Tue, 23 Feb 2021 00:00:00 +0530 Thu, 25 Feb 2021 09:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404563 The appeal filed by the assessee was partly allowed, and the appeal filed by the revenue was dismissed. The Tribunal decided in favor of the assessee on issues related to disallowance of advertisement expenditure, other expenditure, non-granting of depreciation on capital expenditure, deletion of addition for unexplained credits, and restriction of addition to 5% of bogus purchases. The issues regarding the validity of notice issued under Section 148 and formal issues were decided in favor of the revenue. Case-Laws Income Tax Tue, 23 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404563