https://www.taxtmi.com/caselaws?id=413670 The Tribunal dismissed the Revenue's appeals and allowed the assessee's appeals, providing relief on all contested grounds. The Tribunal found no additional evidence admitted without the AO's opportunity to comment, deleted additions for unaccounted cash profit and inflated purchases, and disallowed disallowances under section 14A of the Income Tax Act. Additionally, the Tribunal allowed the set off of disclosed additional income, resulting in the dismissal of all Revenue's contentions. en-us Tue, 24 Aug 2021 00:00:00 +0530 Mon, 18 Oct 2021 09:28:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413670 The Tribunal dismissed the Revenue's appeals and allowed the assessee's appeals, providing relief on all contested grounds. The Tribunal found no additional evidence admitted without the AO's opportunity to comment, deleted additions for unaccounted cash profit and inflated purchases, and disallowed disallowances under section 14A of the Income Tax Act. Additionally, the Tribunal allowed the set off of disclosed additional income, resulting in the dismissal of all Revenue's contentions. Case-Laws Income Tax Tue, 24 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413670