https://www.taxtmi.com/caselaws?id=429502 The court dismissed the appeals, upholding the concurrent findings of the appellate authorities. It found no substantial question of law for consideration, affirming that the ITAT and CIT(A) correctly deleted the additions made on account of gross profit due to flawed comparisons by the AO. The court also agreed that statements recorded under Section 132(4) lacked corroborative material, thus not justifying additions. The distinction between scrutiny and summary assessments was deemed irrelevant for Section 153A, and reliance on the Kabul Chawla judgment was appropriate as no stay was in place. en-us Wed, 19 Oct 2022 00:00:00 +0530 Wed, 25 Oct 2023 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429502 The court dismissed the appeals, upholding the concurrent findings of the appellate authorities. It found no substantial question of law for consideration, affirming that the ITAT and CIT(A) correctly deleted the additions made on account of gross profit due to flawed comparisons by the AO. The court also agreed that statements recorded under Section 132(4) lacked corroborative material, thus not justifying additions. The distinction between scrutiny and summary assessments was deemed irrelevant for Section 153A, and reliance on the Kabul Chawla judgment was appropriate as no stay was in place. Case-Laws Income Tax Wed, 19 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429502