https://www.taxtmi.com/caselaws?id=444547 The Tribunal ruled in favor of the assessee on all issues. For the bogus purchases, the Tribunal canceled the Rs. 11,21,920/- addition, finding the assessee's documentation and banking transactions credible. Regarding the Rs. 3 crore unexplained cash, the Tribunal deemed the cash sales explanation valid and deleted the addition, noting unreliable partner statements. For the unrecorded stock, the Tribunal found the stock records consistent with the stock found and dismissed the Rs. 3,13,44,002/- enhancement, criticizing the contradictory stance of the CIT(A). The Tribunal set aside all additions and enhancements made by the CIT(A). en-us Fri, 06 Oct 2023 00:00:00 +0530 Wed, 18 Oct 2023 06:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444547 The Tribunal ruled in favor of the assessee on all issues. For the bogus purchases, the Tribunal canceled the Rs. 11,21,920/- addition, finding the assessee's documentation and banking transactions credible. Regarding the Rs. 3 crore unexplained cash, the Tribunal deemed the cash sales explanation valid and deleted the addition, noting unreliable partner statements. For the unrecorded stock, the Tribunal found the stock records consistent with the stock found and dismissed the Rs. 3,13,44,002/- enhancement, criticizing the contradictory stance of the CIT(A). The Tribunal set aside all additions and enhancements made by the CIT(A). Case-Laws Income Tax Fri, 06 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444547