https://www.taxtmi.com/caselaws?id=419299 The ITAT upheld the CIT(A)'s decisions to delete additions made by the A.O. for bogus purchases of rice husk and undervaluation of closing stock. The ITAT emphasized the necessity of conclusive evidence and proper inquiry by the A.O. before making such additions. The ITAT found no valid grounds to interfere with the CIT(A)'s findings and dismissed the Department's appeal. en-us Fri, 24 Sep 2021 00:00:00 +0530 Mon, 07 Mar 2022 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419299 The ITAT upheld the CIT(A)'s decisions to delete additions made by the A.O. for bogus purchases of rice husk and undervaluation of closing stock. The ITAT emphasized the necessity of conclusive evidence and proper inquiry by the A.O. before making such additions. The ITAT found no valid grounds to interfere with the CIT(A)'s findings and dismissed the Department's appeal. Case-Laws Income Tax Fri, 24 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419299