https://www.taxtmi.com/highlights?id=56894 Addition u/s 68 - allowability of the expenditure under section 69C - ITAT concluding that genuineness of the high-seas sales cannot be doubted merely because the customs authorities have verified the documents at the time of clearing the goods for home consumption and while approving the high seas sale. - The genuineness of the transactions has been accepted on the basis of documentary evidence and other material gathered, which cannot be re-appreciated under Section 260A of the Act. - HC en-us Thu, 25 Feb 2021 09:13:06 +0530 Thu, 25 Feb 2021 09:13:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56894 Addition u/s 68 - allowability of the expenditure under section 69C - ITAT concluding that genuineness of the high-seas sales cannot be doubted merely because the customs authorities have verified the documents at the time of clearing the goods for home consumption and while approving the high seas sale. - The genuineness of the transactions has been accepted on the basis of documentary evidence and other material gathered, which cannot be re-appreciated under Section 260A of the Act. - HC Highlights Income Tax Thu, 25 Feb 2021 09:13:06 +0530 https://www.taxtmi.com/highlights?id=56894