https://www.taxtmi.com/caselaws?id=412053 The Tribunal upheld the CIT(A)'s decision to delete the addition of scrap sale, speed money, commission, and unvouched expenses due to lack of seized material supporting the revenue's claims. The Tribunal affirmed the deletion of the addition for bogus purchases based on factual inaccuracies in the original assessment. Emphasizing completed assessments over abated assessments, the Tribunal dismissed the revenue's appeals, highlighting the necessity of seized material in making additions and clarifying jurisdictional issues. en-us Thu, 02 Sep 2021 00:00:00 +0530 Thu, 09 Sep 2021 08:19:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412053 The Tribunal upheld the CIT(A)'s decision to delete the addition of scrap sale, speed money, commission, and unvouched expenses due to lack of seized material supporting the revenue's claims. The Tribunal affirmed the deletion of the addition for bogus purchases based on factual inaccuracies in the original assessment. Emphasizing completed assessments over abated assessments, the Tribunal dismissed the revenue's appeals, highlighting the necessity of seized material in making additions and clarifying jurisdictional issues. Case-Laws Income Tax Thu, 02 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412053