https://www.taxtmi.com/caselaws?id=426726 The Income Tax Appellate Tribunal upheld the deletion of an addition on account of low gross profit in manufacturing and trading activities. The Tribunal found that the appellant had provided complete details and supporting documents during the appellate proceedings, which were not available during the assessment stage. The Tribunal concluded that the addition made by the Assessing Officer was not justified, considering the increase in turnover during the year. The appeal was dismissed as it did not raise any substantial question of law, and the decisions of the lower authorities were upheld. en-us Thu, 07 Jul 2022 00:00:00 +0530 Wed, 24 Aug 2022 08:49:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426726 The Income Tax Appellate Tribunal upheld the deletion of an addition on account of low gross profit in manufacturing and trading activities. The Tribunal found that the appellant had provided complete details and supporting documents during the appellate proceedings, which were not available during the assessment stage. The Tribunal concluded that the addition made by the Assessing Officer was not justified, considering the increase in turnover during the year. The appeal was dismissed as it did not raise any substantial question of law, and the decisions of the lower authorities were upheld. Case-Laws Income Tax Thu, 07 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426726