Additions towards Inflated purchases - these quantities as shown ...
CIT(A) Deletes Additions Due to IOCL Statement Discrepancies in Inflated Purchases Assessment Order.
September 25, 2023
Case Laws Income Tax AT
Additions towards Inflated purchases - these quantities as shown in the IOCL statement are not even matching with the value shown in the same documents. Comparative chart as reproduced by the CIT(A) clearly manifest these factual mistake in the IOCL statement regarding the quantity of purchase and hence, the assessment order is entirely based on incorrect facts - CIT(A) rightly deleted the additions - AT
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