Sunil Kanhaiyalal Gidwani v. ACIT (2022) 216 TTJ 54 (UO) / 140 taxmann.com 21 (Pune)(Trib)

S. 68 : Cash credits-Gross profit-Turmeric trading-Purchase and sale-Addition is not justified.

Held that the  transactions of assessee concerning purchase and sale of turmeric were conducted through ‘B’ in same way in which he did with more than 100 traders and genuineness of all of which had been accepted by department.  There was no logic in making impugned additions in hands of assessee which were just off shoot of such a trading activity. (AY. 2010-11)