https://www.taxtmi.com/caselaws?id=300196 The ITAT upheld the CIT(A)'s decisions to delete additions related to inflated purchases, suppression of scrap sales, and bogus commission payments. The ITAT also affirmed the validity of the assessment reopening under section 148, dismissing the assessee's contentions. The rulings were based on the lack of contrary evidence, inconsistencies in the AO's arguments, and adherence to legal standards, including precedents like Kelvinator India. The decisions were consistent with previous assessments and supported by proper documentation, leading to the dismissal of both the revenue's appeals and the assessee's cross-objections. en-us Wed, 27 Sep 2017 00:00:00 +0530 Sun, 16 Jan 2022 19:15:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300196 The ITAT upheld the CIT(A)'s decisions to delete additions related to inflated purchases, suppression of scrap sales, and bogus commission payments. The ITAT also affirmed the validity of the assessment reopening under section 148, dismissing the assessee's contentions. The rulings were based on the lack of contrary evidence, inconsistencies in the AO's arguments, and adherence to legal standards, including precedents like Kelvinator India. The decisions were consistent with previous assessments and supported by proper documentation, leading to the dismissal of both the revenue's appeals and the assessee's cross-objections. Case-Laws Income Tax Wed, 27 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300196