Addition for Fall in Gross Profits Without Proof of Suppression is Unsustainable

Total Integrated Design (India) Pvt. Ltd. Vs ITO (ITAT Delhi)

ITAT Delhi held that addition on the basis of fall in gross profits without pointing out any specific discrepancy in accounts that resulted into suppression of true figure of gross profit is unsustainable in law.

Facts- The appellant has preferred the present appeal contesting that CIT(A) has grossly erred in making an addition towards unexplained expenditure u/s 69C of the Income Tax Act. Notably, the addition

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