https://www.taxtmi.com/highlights?id=60428 Assessment u/s 153A - Not an iota of evidence of any excess raw material purchase, out of books expenses, labour and other manufacturing expenses or receipt of unaccounted sales proceeds, has been found or brought on record even after a detailed search. The additions for alleged suppression have been made purely on selective misinterpretation, without dealing with the explanations/clarification of the production manager and the assessee, completely ignoring the record including audits/inspection by third party and in absence of any incriminating evidence. - No additions - AT en-us Wed, 10 Nov 2021 07:02:00 +0530 Wed, 10 Nov 2021 07:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60428 Assessment u/s 153A - Not an iota of evidence of any excess raw material purchase, out of books expenses, labour and other manufacturing expenses or receipt of unaccounted sales proceeds, has been found or brought on record even after a detailed search. The additions for alleged suppression have been made purely on selective misinterpretation, without dealing with the explanations/clarification of the production manager and the assessee, completely ignoring the record including audits/inspection by third party and in absence of any incriminating evidence. - No additions - AT Highlights Income Tax Wed, 10 Nov 2021 07:02:00 +0530 https://www.taxtmi.com/highlights?id=60428