https://www.taxtmi.com/caselaws?id=417922 The Tribunal allowed the appeals filed by the assessee, resulting in the deletion of the addition of Rs. 42 lakhs for each assessment year concerning unaccounted proceeds from waste cotton sales under Section 69A of the Income Tax Act, 1961. Additionally, the Tribunal remanded the issue of the addition of Rs. 6,36,572, declared as income before the Settlement Commission, back to the Assessing Officer for verification and possible deletion if accepted by the Settlement Commission. en-us Mon, 31 Jan 2022 00:00:00 +0530 Thu, 03 Feb 2022 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417922 The Tribunal allowed the appeals filed by the assessee, resulting in the deletion of the addition of Rs. 42 lakhs for each assessment year concerning unaccounted proceeds from waste cotton sales under Section 69A of the Income Tax Act, 1961. Additionally, the Tribunal remanded the issue of the addition of Rs. 6,36,572, declared as income before the Settlement Commission, back to the Assessing Officer for verification and possible deletion if accepted by the Settlement Commission. Case-Laws Income Tax Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417922