https://www.taxtmi.com/caselaws?id=293911 The Tribunal found that the additions made by the Assessing Officer (AO) and enhancements by the Commissioner of Income Tax (Appeals) were not supported by concrete evidence but relied on conjectures and presumptions. The Tribunal directed the AO to delete the additions under section 69C related to alleged bogus purchases and partly sustained the addition concerning the gross profit margin. The appeal of the assessee was partly allowed. en-us Mon, 12 Jun 2017 00:00:00 +0530 Tue, 09 Mar 2021 08:45:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293911 The Tribunal found that the additions made by the Assessing Officer (AO) and enhancements by the Commissioner of Income Tax (Appeals) were not supported by concrete evidence but relied on conjectures and presumptions. The Tribunal directed the AO to delete the additions under section 69C related to alleged bogus purchases and partly sustained the addition concerning the gross profit margin. The appeal of the assessee was partly allowed. Case-Laws Income Tax Mon, 12 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293911