https://www.taxtmi.com/caselaws?id=431973 The Tribunal upheld the Revenue's grounds in a tax case, setting aside the CIT(A)'s order and restoring that of the Assessing Officer. The additions of trade payables and advance from customers above one lakh were reinstated due to insufficient evidence provided by the assessee. The Tribunal emphasized the need for proper assessment procedures and adherence to legal provisions in determining tax liabilities. en-us Thu, 22 Dec 2022 00:00:00 +0530 Sat, 24 Dec 2022 11:09:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431973 The Tribunal upheld the Revenue's grounds in a tax case, setting aside the CIT(A)'s order and restoring that of the Assessing Officer. The additions of trade payables and advance from customers above one lakh were reinstated due to insufficient evidence provided by the assessee. The Tribunal emphasized the need for proper assessment procedures and adherence to legal provisions in determining tax liabilities. Case-Laws Income Tax Thu, 22 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431973