General Modus Operandi Insufficient – Labour Expenses & Unsecured Loans Held Genuine

ACIT Vs Shrinidhi Enterprize (ITAT Surat) General Modus Operandi Insufficient -No Evidence of Bogus Labour or Loans -Unsecured Loans Through Banking Channels Held Genuine General Modus Operandi Insufficient -No Evidence of Bogus Labour or Loans -Unsecured Loans Through Banking Channels Held Genuine-Telescoping of Survey Disclosure Accepted by Tribunal- Additions Based on Third-Party Statements Without Specific Evidence Not Sustainable Revenue challenged deletion of additions relating to alleged bogus labour expenses & unsecured loans, based on information from search & survey in the ca...