https://www.taxtmi.com/caselaws?id=62744 The Tribunal upheld the CIT(A)'s decisions, dismissing the Department's appeals. It confirmed the deletion of insurance expenses and depreciation on vehicles, labor expenses, and truck hire charges, emphasizing the lack of substantiated challenges. The Tribunal also affirmed the relief against interest on FDRs and canceled the penalty under section 271(1)(c) of the IT Act, 1961, due to the estimated nature of additions. en-us Thu, 27 Oct 2005 00:00:00 +0530 Sat, 13 Apr 2024 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62744 The Tribunal upheld the CIT(A)'s decisions, dismissing the Department's appeals. It confirmed the deletion of insurance expenses and depreciation on vehicles, labor expenses, and truck hire charges, emphasizing the lack of substantiated challenges. The Tribunal also affirmed the relief against interest on FDRs and canceled the penalty under section 271(1)(c) of the IT Act, 1961, due to the estimated nature of additions. Case-Laws Income Tax Thu, 27 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62744