https://www.taxtmi.com/caselaws?id=313223 The Tribunal dismissed the revenue's appeals and partially allowed the assessee's appeal, focusing on statistical purposes. It upheld the CIT(A)'s decision to reject the AO's enhancement of sales turnover and higher GP rate due to lack of evidence. Disallowances under sections 40A(3) and 43B were upheld, while the disallowance under section 40(a)(ia) was remanded for fresh adjudication. The addition of capital expenditure was confirmed as unchallenged by the assessee. en-us Thu, 06 Sep 2012 00:00:00 +0530 Mon, 01 Apr 2024 17:12:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313223 The Tribunal dismissed the revenue's appeals and partially allowed the assessee's appeal, focusing on statistical purposes. It upheld the CIT(A)'s decision to reject the AO's enhancement of sales turnover and higher GP rate due to lack of evidence. Disallowances under sections 40A(3) and 43B were upheld, while the disallowance under section 40(a)(ia) was remanded for fresh adjudication. The addition of capital expenditure was confirmed as unchallenged by the assessee. Case-Laws Income Tax Thu, 06 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313223