https://www.taxtmi.com/caselaws?id=427050 The Tribunal partly allowed the appeal, granting condonation for the delay in filing due to health issues during the pandemic. The addition of Rs. 17,92,880/- to income was upheld based on related party transactions. The case reopening under Section 147 was acknowledged, but no comment was made pending further adjudication. Disallowance of purchases from unregistered dealers was partially upheld, adjusting the net profit ratio. The Tribunal considered the circumstances, related party transactions, and the delay in filing, leading to a partial allowance of the appeal. en-us Mon, 29 Aug 2022 00:00:00 +0530 Wed, 31 Aug 2022 10:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427050 The Tribunal partly allowed the appeal, granting condonation for the delay in filing due to health issues during the pandemic. The addition of Rs. 17,92,880/- to income was upheld based on related party transactions. The case reopening under Section 147 was acknowledged, but no comment was made pending further adjudication. Disallowance of purchases from unregistered dealers was partially upheld, adjusting the net profit ratio. The Tribunal considered the circumstances, related party transactions, and the delay in filing, leading to a partial allowance of the appeal. Case-Laws Income Tax Mon, 29 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427050