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Income Tax - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Undisclosed production and sale - whole case of the Revenue ...


CESTAT overturns Central Excise orders; Assessing Officer's additions on unrecorded sales and unaccounted purchases to be deleted.

March 16, 2020

Case Laws     Income Tax     AT

Undisclosed production and sale - whole case of the Revenue regarding undisclosed sales rest on the orders of the Central Excise authorities which has since been set-aside by the CESTAT - In view of the same, the additions so made by the Assessing officer towards gross profit on unrecorded sales and unaccounted purchases is directed to be deleted. - AT

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