ITAT Jaipur Deletes Additions as Clandestine Sales Allegation Failed Before CESTAT

Bansiwala Iron & Steel Rolling Mill Vs DCIT (ITAT Jaipur) The Income Tax Appellate Tribunal (ITAT), Jaipur Bench, allowed the appeal filed by the assessee against the order passed by the National Faceless Appeal Centre (NFAC)/Commissioner of Income Tax (Appeals) dated 28.07.2025 for Assessment Year 2010-11. The dispute related to additions made by the Assessing Officer (AO) on account of alleged clandestine removal of finished goods, unexplained sales, and unexplained investment based on findings of the Customs and Central Excise Department. The assessee challenged the reopening of assessm...