https://www.taxtmi.com/caselaws?id=432774 The Tribunal directed the Assessing Officer to sustain the addition at the rate of 6% of bogus purchases, following the precedent set in a similar case. The Tribunal upheld the deletion of the addition on account of unexplained sales proceeds, finding the sales adequately explained in audit reports. Additionally, the Tribunal confirmed the deletion of the addition on account of unrecorded commission, as the Assessing Officer lacked evidence to support the claim. en-us Tue, 10 Jan 2023 00:00:00 +0530 Fri, 13 Jan 2023 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432774 The Tribunal directed the Assessing Officer to sustain the addition at the rate of 6% of bogus purchases, following the precedent set in a similar case. The Tribunal upheld the deletion of the addition on account of unexplained sales proceeds, finding the sales adequately explained in audit reports. Additionally, the Tribunal confirmed the deletion of the addition on account of unrecorded commission, as the Assessing Officer lacked evidence to support the claim. Case-Laws Income Tax Tue, 10 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432774