ITAT Surat held that disallowance of unaccounted purchases restricted to 12.5% of purchases instead of 25% as held by CIT (A). Accordingly, addition towards unaccounted purchases restricted.
The FDA is proposing nutrition information be placed on the front of packaged foods to provide at-a-glance information about saturated fat, sodium and added sugar.
ITAT Surat held that addition under section 68 of the Income Tax Act deleted since appellant has satisfactorily explained the nature and source of the credit. Accordingly, appeal allowed and addition ...