https://www.taxtmi.com/caselaws?id=775770 ITAT Delhi upheld the deletion of additions under section 69C relating to unaccounted purchases. The tribunal accepted the assessee's estimation of 2% profit from undisclosed imports instead of 12%, noting payments were made directly by the buyers to suppliers. Consequently, the addition of unexplained investments amounting to Rs. 2,38,36,824 was rightly deleted by CIT(A). The appeal was dismissed for lack of merit. en-us Wed, 04 Jun 2025 00:00:00 +0530 Thu, 31 Jul 2025 08:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775770 ITAT Delhi upheld the deletion of additions under section 69C relating to unaccounted purchases. The tribunal accepted the assessee's estimation of 2% profit from undisclosed imports instead of 12%, noting payments were made directly by the buyers to suppliers. Consequently, the addition of unexplained investments amounting to Rs. 2,38,36,824 was rightly deleted by CIT(A). The appeal was dismissed for lack of merit. Case-Laws Income Tax Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775770