https://www.taxtmi.com/caselaws?id=770702 ITAT Surat upheld CIT(A)'s deletion of addition under section 69A. Revenue failed to rebut CIT(A)'s finding that the counterparty was engaged in normal business operations. The assessee had already offered sales realization as income, which was accepted by AO. Following Gujarat HC precedent in Vishal Exports case, adding the same amount again under section 69A would constitute double taxation. Revenue's appeal was dismissed as they produced no evidence to contradict CIT(A)'s findings regarding the legitimacy of business transactions. en-us Tue, 13 May 2025 00:00:00 +0530 Thu, 15 May 2025 07:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770702 ITAT Surat upheld CIT(A)'s deletion of addition under section 69A. Revenue failed to rebut CIT(A)'s finding that the counterparty was engaged in normal business operations. The assessee had already offered sales realization as income, which was accepted by AO. Following Gujarat HC precedent in Vishal Exports case, adding the same amount again under section 69A would constitute double taxation. Revenue's appeal was dismissed as they produced no evidence to contradict CIT(A)'s findings regarding the legitimacy of business transactions. Case-Laws Income Tax Tue, 13 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770702