https://www.taxtmi.com/caselaws?id=429270 The Tribunal partly allowed the revenue's appeal, remanding the issue of M/s. Shyamji Rice Industries for fresh adjudication and upholding the CIT(A)'s decisions on other issues. The Tribunal concurred with the CIT(A) on various matters such as reducing additions for bogus purchases, peak purchases credit, short yield of rice, unaccounted sales, and bogus sundry creditors. The Tribunal also found no fault in the CIT(A)'s consideration of statements recorded under section 131 and the applicability of judgments cited by the department. Additionally, the Tribunal determined that the CIT(A) appropriately handled the acceptance of fresh evidence without violating procedural rules. en-us Mon, 17 Oct 2022 00:00:00 +0530 Fri, 21 Oct 2022 07:26:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429270 The Tribunal partly allowed the revenue's appeal, remanding the issue of M/s. Shyamji Rice Industries for fresh adjudication and upholding the CIT(A)'s decisions on other issues. The Tribunal concurred with the CIT(A) on various matters such as reducing additions for bogus purchases, peak purchases credit, short yield of rice, unaccounted sales, and bogus sundry creditors. The Tribunal also found no fault in the CIT(A)'s consideration of statements recorded under section 131 and the applicability of judgments cited by the department. Additionally, the Tribunal determined that the CIT(A) appropriately handled the acceptance of fresh evidence without violating procedural rules. Case-Laws Income Tax Mon, 17 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429270