https://www.taxtmi.com/caselaws?id=461161 ITAT Chennai quashed assessment orders under section 153A following SC precedent and CBDT instructions. The tribunal dismissed revenue's appeals across multiple assessment years (2010-13), upholding CIT(A)'s deletions of various additions including special salary commission charges, TDS disallowances under section 40(a)(ia) for contractor payments, bought note purchase additions, cash purchase disallowances under section 40A(3), and suppressed purchase/closing stock additions. The tribunal found the assessing officer's methodology flawed, noting payments were made through RTGS to agents, not cash, and that purchase comparisons used incorrect timeframes (11 vs 12 months), leading to erroneous additions. en-us Wed, 13 Sep 2023 00:00:00 +0530 Tue, 18 Mar 2025 15:28:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461161 ITAT Chennai quashed assessment orders under section 153A following SC precedent and CBDT instructions. The tribunal dismissed revenue's appeals across multiple assessment years (2010-13), upholding CIT(A)'s deletions of various additions including special salary commission charges, TDS disallowances under section 40(a)(ia) for contractor payments, bought note purchase additions, cash purchase disallowances under section 40A(3), and suppressed purchase/closing stock additions. The tribunal found the assessing officer's methodology flawed, noting payments were made through RTGS to agents, not cash, and that purchase comparisons used incorrect timeframes (11 vs 12 months), leading to erroneous additions. Case-Laws Income Tax Wed, 13 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461161