https://www.taxtmi.com/caselaws?id=296695 The Tribunal upheld the CIT(A)'s decision to delete the addition under section 40A(2) of the Income-tax Act related to purchases from sister concerns but directed a fresh addition based on a GP rate. Regarding the addition under section 2(22)(e) of the Act, the Tribunal remitted the matter for a fresh decision. The Tribunal upheld the disallowance of interest under section 36(1)(iii) of the Act, consistent with the preceding year's decision. The judgment involved a mix of outcomes, with some decisions upheld and others remitted for reconsideration. en-us Thu, 07 Feb 2019 00:00:00 +0530 Wed, 04 Aug 2021 08:33:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296695 The Tribunal upheld the CIT(A)'s decision to delete the addition under section 40A(2) of the Income-tax Act related to purchases from sister concerns but directed a fresh addition based on a GP rate. Regarding the addition under section 2(22)(e) of the Act, the Tribunal remitted the matter for a fresh decision. The Tribunal upheld the disallowance of interest under section 36(1)(iii) of the Act, consistent with the preceding year's decision. The judgment involved a mix of outcomes, with some decisions upheld and others remitted for reconsideration. Case-Laws Income Tax Thu, 07 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296695