https://www.taxtmi.com/caselaws?id=406464 The Tribunal upheld the CIT(A)'s decision to delete various additions made by the Assessing Officer, including trade payables, unsecured loans, unexplained cash credits, commission payments, other income, additional net profit, proceedings under Section 144, current liabilities, foreign exchange loss, and depreciation on new assets. The Tribunal found the AO's actions arbitrary and lacking proper verification, dismissing the revenue's appeals and upholding the CIT(A)'s order. The cross-objection filed by the assessee in support of the CIT(A)'s decision was also dismissed. en-us Thu, 01 Apr 2021 00:00:00 +0530 Thu, 15 Apr 2021 08:05:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406464 The Tribunal upheld the CIT(A)'s decision to delete various additions made by the Assessing Officer, including trade payables, unsecured loans, unexplained cash credits, commission payments, other income, additional net profit, proceedings under Section 144, current liabilities, foreign exchange loss, and depreciation on new assets. The Tribunal found the AO's actions arbitrary and lacking proper verification, dismissing the revenue's appeals and upholding the CIT(A)'s order. The cross-objection filed by the assessee in support of the CIT(A)'s decision was also dismissed. Case-Laws Income Tax Thu, 01 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406464