https://www.taxtmi.com/caselaws?id=419575 The ITAT Visakhapatnam dismissed the Revenue's appeal and partially allowed the cross objection filed by the assessee. The CIT(A)'s decision to delete additions for unexplained purchases totaling Rs. 67,26,899 was upheld due to the lack of proper examination of evidence by the AO. The CIT(A) also ruled in favor of the assessee regarding discrepancies in 6A purchases and certain financial matters, citing legal precedents on the evidentiary value of statements recorded under section 133A of the Income Tax Act. en-us Wed, 09 Mar 2022 00:00:00 +0530 Mon, 21 Mar 2022 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419575 The ITAT Visakhapatnam dismissed the Revenue's appeal and partially allowed the cross objection filed by the assessee. The CIT(A)'s decision to delete additions for unexplained purchases totaling Rs. 67,26,899 was upheld due to the lack of proper examination of evidence by the AO. The CIT(A) also ruled in favor of the assessee regarding discrepancies in 6A purchases and certain financial matters, citing legal precedents on the evidentiary value of statements recorded under section 133A of the Income Tax Act. Case-Laws Income Tax Wed, 09 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419575