https://www.taxtmi.com/caselaws?id=768628 ITAT Surat allowed the assessee's appeal partially. The tribunal restored the matter to CIT(A) for fresh consideration regarding additions under section 153C, finding that the ground challenging additions based on non-incriminating materials required further factual investigation. The addition under section 69A was deleted as the assessee adequately proved the advance and refund transactions through books of accounts and cash records. The tribunal directed the Assessing Officer to consider the assessee's alternate claim for set-off of Long Term Capital Loss against section 50C additions in accordance with law. en-us Tue, 08 Apr 2025 00:00:00 +0530 Thu, 10 Apr 2025 08:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768628 ITAT Surat allowed the assessee's appeal partially. The tribunal restored the matter to CIT(A) for fresh consideration regarding additions under section 153C, finding that the ground challenging additions based on non-incriminating materials required further factual investigation. The addition under section 69A was deleted as the assessee adequately proved the advance and refund transactions through books of accounts and cash records. The tribunal directed the Assessing Officer to consider the assessee's alternate claim for set-off of Long Term Capital Loss against section 50C additions in accordance with law. Case-Laws Income Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768628