https://www.taxtmi.com/caselaws?id=313449 ITAT Mumbai dismissed revenue's appeal in case involving additions under sections 69A, 69C, and 68. Regarding section 69A addition based on loose sheets showing cash amounts, ITAT upheld CIT(A)'s direction to AO to verify if sales from loose sheets appear in books of M/s. Samaira Enterprises to avoid double taxation. For section 69C additions on unaccounted purchases, ITAT confirmed deletion as assessee provided sufficient documentary evidence and AO relied only on employee statements later clarified. Section 68 addition was deleted as transactions were recorded in M/s. Samaira Enterprises' books. Another section 69C addition regarding Nirmali Seeds purchase was properly deleted as no evidence of cash payments existed. en-us Sat, 30 Sep 2023 00:00:00 +0530 Mon, 15 Apr 2024 20:25:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313449 ITAT Mumbai dismissed revenue's appeal in case involving additions under sections 69A, 69C, and 68. Regarding section 69A addition based on loose sheets showing cash amounts, ITAT upheld CIT(A)'s direction to AO to verify if sales from loose sheets appear in books of M/s. Samaira Enterprises to avoid double taxation. For section 69C additions on unaccounted purchases, ITAT confirmed deletion as assessee provided sufficient documentary evidence and AO relied only on employee statements later clarified. Section 68 addition was deleted as transactions were recorded in M/s. Samaira Enterprises' books. Another section 69C addition regarding Nirmali Seeds purchase was properly deleted as no evidence of cash payments existed. Case-Laws Income Tax Sat, 30 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313449