In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed
Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)
b) Addition relating to unverified consignment sales expenses – Rs.7,20,834/- (c) Addition relating to undisclosed profit - Rs.3,64,60,658/- 16. The first issue contested by the revenue relates to the addition made u/s 40A(3) of the Act. The AO noticed that the assessee has incurred expenses by paying cash exceeding Rs.20,000/-, which was in violation