ITAT Ruling Upheld by Rajasthan HC: No Income Addition Without Improved Results

The Rajasthan HC upheld the ITAT decision, ruling that no income addition is warranted if the assessee demonstrates improved results from the previous year. The Tribunal deemed the Assessing Officer's addition as erroneous, leading to the dismissal of the appeal for lack of substantial legal questions.

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The Rajasthan High Court upheld the decision of the Income Tax Appellate Tribunal, stating that no addition in income should be made if the assessee shows better results compared to the past year. The Tribunal found the addition made by the Assessing Officer to be erroneous. The appeal was dismissed as it did not involve any substantial question of law.

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