https://www.taxtmi.com/caselaws?id=774450 ITAT Chandigarh upheld CIT(A)'s decision regarding a scaffolding manufacturer's survey case. The tribunal confirmed Rs. 1.60 crores surrendered during survey as business income due to suppressed scrap sale prices, supported by partner's statement. However, ITAT deleted CIT(A)'s addition of Rs. 1,02,10,256/- for unexplained wages/salary expenditure, ruling extrapolation beyond survey date (08.10.2018) was improper. Other additions totaling Rs. 34,51,288/- were also deleted as assessee provided adequate explanations and documentary evidence. The appeal was partially allowed in assessee's favor. en-us Fri, 27 Jun 2025 00:00:00 +0530 Wed, 09 Jul 2025 08:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774450 ITAT Chandigarh upheld CIT(A)'s decision regarding a scaffolding manufacturer's survey case. The tribunal confirmed Rs. 1.60 crores surrendered during survey as business income due to suppressed scrap sale prices, supported by partner's statement. However, ITAT deleted CIT(A)'s addition of Rs. 1,02,10,256/- for unexplained wages/salary expenditure, ruling extrapolation beyond survey date (08.10.2018) was improper. Other additions totaling Rs. 34,51,288/- were also deleted as assessee provided adequate explanations and documentary evidence. The appeal was partially allowed in assessee's favor. Case-Laws Income Tax Fri, 27 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774450