https://www.taxtmi.com/caselaws?id=418886 The Tribunal partially allowed the appeal, remitting issues of excess proprietary capital and bogus sundry creditors back to the AO for fresh assessment based on existing and additional information. The appellant received partial relief regarding undisclosed profit on suppressed turnover, with the Tribunal confirming the CIT(A)'s order on this matter. The AO's additions were upheld for excess proprietary capital and bogus sundry creditors due to lack of evidence provided by the appellant during assessment proceedings. en-us Thu, 17 Feb 2022 00:00:00 +0530 Sat, 26 Feb 2022 05:59:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418886 The Tribunal partially allowed the appeal, remitting issues of excess proprietary capital and bogus sundry creditors back to the AO for fresh assessment based on existing and additional information. The appellant received partial relief regarding undisclosed profit on suppressed turnover, with the Tribunal confirming the CIT(A)'s order on this matter. The AO's additions were upheld for excess proprietary capital and bogus sundry creditors due to lack of evidence provided by the appellant during assessment proceedings. Case-Laws Income Tax Thu, 17 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418886