https://www.taxtmi.com/caselaws?id=423957 The Tribunal dismissed the Revenue's appeal and allowed the Cross Objection raised by the assessee, concluding that there was no infirmity in the Ld. CIT(A)'s order. The Tribunal found no material evidence for unaccounted purchases to effect the sales and held that separate addition of unaccounted sales was not required. The Tribunal also ruled that double taxation on unaccounted sales and gross profit was not justified. The judgment was pronounced on 15th June 2022. en-us Wed, 15 Jun 2022 00:00:00 +0530 Fri, 17 Jun 2022 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423957 The Tribunal dismissed the Revenue's appeal and allowed the Cross Objection raised by the assessee, concluding that there was no infirmity in the Ld. CIT(A)'s order. The Tribunal found no material evidence for unaccounted purchases to effect the sales and held that separate addition of unaccounted sales was not required. The Tribunal also ruled that double taxation on unaccounted sales and gross profit was not justified. The judgment was pronounced on 15th June 2022. Case-Laws Income Tax Wed, 15 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423957