https://www.taxtmi.com/caselaws?id=309808 The ITAT upheld the CIT(A)'s decisions on all issues, dismissing the Revenue's appeal in its entirety. The additions made by the Assessing Officer regarding low gross profit, interest paid, commission paid, and low household withdrawals were all overturned based on lack of concrete evidence and inappropriate comparisons. The ITAT emphasized the significant turnover increase and rejected the Revenue's arguments, affirming the CIT(A)'s findings in favor of the assessee. en-us Fri, 19 Jun 2015 00:00:00 +0530 Thu, 21 Sep 2023 18:53:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309808 The ITAT upheld the CIT(A)'s decisions on all issues, dismissing the Revenue's appeal in its entirety. The additions made by the Assessing Officer regarding low gross profit, interest paid, commission paid, and low household withdrawals were all overturned based on lack of concrete evidence and inappropriate comparisons. The ITAT emphasized the significant turnover increase and rejected the Revenue's arguments, affirming the CIT(A)'s findings in favor of the assessee. Case-Laws Income Tax Fri, 19 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309808