https://www.taxtmi.com/caselaws?id=307222 The CIT(A) concluded that the addition of Rs. 1,41,32,000/- was unjustified and deleted it, as the sales were genuine and supported by sufficient documentary evidence. The application of Section 115BBE was also deemed inappropriate, as the income from sales was already credited in the Profit & Loss Account. The allegation of activity against public policy was dismissed due to a lack of evidence. The appeal of the revenue was dismissed, and the order of the CIT(A) was sustained. en-us Tue, 22 Nov 2022 00:00:00 +0530 Mon, 03 Jul 2023 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307222 The CIT(A) concluded that the addition of Rs. 1,41,32,000/- was unjustified and deleted it, as the sales were genuine and supported by sufficient documentary evidence. The application of Section 115BBE was also deemed inappropriate, as the income from sales was already credited in the Profit & Loss Account. The allegation of activity against public policy was dismissed due to a lack of evidence. The appeal of the revenue was dismissed, and the order of the CIT(A) was sustained. Case-Laws Income Tax Tue, 22 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307222