No additions just relying on SCN issued by excise dept. that assessee was involved in undervaluing sales : ITAT

INCOME TAX : Where addition was made only on basis of show cause notice issued by Excise department against assessee alleging that assessee was engaged in undervaluation of sales and clandestine removal of goods and revenue had brought nothing on record that it had applied its mind over and above contents of said show-cause notice and further, in excise proceedings, CESTAT had decided issue in favour of assessee, impugned addition was unjustified

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