Jaipur ITAT Deletes Addition as GSTAT Finds No Suppression of Sales

G.R. Corporation Vs ITO (ITAT Jaipur) Jaipur ITAT Deletes Addition Based Solely on GST Allegation After GST Appellate Authority Finds No Suppression of Sales The Jaipur ITAT allowed the assessee’s appeal by deleting an addition of ₹15.35 lakh, which had been made by estimating profit at 8.79% on alleged suppressed sales of ₹1.74 crore. The reassessment had been initiated solely on the basis of information received from the GST authorities alleging clandestine removal of tyres and tubes without payment of GST. During the appellate proceedings before the Tribunal, the assessee produce...