https://www.taxtmi.com/caselaws?id=777392 ITAT MUMBAI upheld the CIT(A)'s deletion of additions for alleged undeclared cash sales, dismissing the revenue's appeal. The AO relied solely on another AO's inference without independent evidence that the purchaser was a front for the assessee. Monthly sales records submitted by the assessee showed sustained bulk sales to the purchaser and minor one-off transactions to others, and no independent inquiry by the AO established manipulation. Absent relevant material proving undisclosed sales or concealment, the tribunal found no reason to interfere with the appellate order. en-us Thu, 09 Jan 2025 00:00:00 +0530 Fri, 29 Aug 2025 08:56:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777392 ITAT MUMBAI upheld the CIT(A)'s deletion of additions for alleged undeclared cash sales, dismissing the revenue's appeal. The AO relied solely on another AO's inference without independent evidence that the purchaser was a front for the assessee. Monthly sales records submitted by the assessee showed sustained bulk sales to the purchaser and minor one-off transactions to others, and no independent inquiry by the AO established manipulation. Absent relevant material proving undisclosed sales or concealment, the tribunal found no reason to interfere with the appellate order. Case-Laws Income Tax Thu, 09 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777392