https://www.taxtmi.com/caselaws?id=444029 The Tribunal dismissed the Revenue's appeal and allowed the assessee's cross-objections, directing the AO to give consequential effects as per the directions. The additions on account of peak export, bogus sales to M/s. Golden Harvest, and bogus purchase from M/s. Thakur Associates were deleted by the CIT(A) and upheld by the Tribunal. The unexplained cash credit and disallowance of fabrication expenses were also deleted by the CIT(A) and upheld by the Tribunal. The deduction under Section 80HHC was to be re-computed by the AO in accordance with the law. en-us Wed, 14 Jun 2023 00:00:00 +0530 Sat, 07 Oct 2023 08:31:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444029 The Tribunal dismissed the Revenue's appeal and allowed the assessee's cross-objections, directing the AO to give consequential effects as per the directions. The additions on account of peak export, bogus sales to M/s. Golden Harvest, and bogus purchase from M/s. Thakur Associates were deleted by the CIT(A) and upheld by the Tribunal. The unexplained cash credit and disallowance of fabrication expenses were also deleted by the CIT(A) and upheld by the Tribunal. The deduction under Section 80HHC was to be re-computed by the AO in accordance with the law. Case-Laws Income Tax Wed, 14 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444029