https://www.taxtmi.com/caselaws?id=68409 The tribunal rejected the Revenue's appeal against the CIT(A)'s decision to allow relief of Rs. 1,00,000, emphasizing the AO's failure to consider interest claimed in the P&L account and make a fair income estimate. The tribunal found the AO's income estimation excessive and unreasonable, upholding the relief granted by the CIT(A). The assessee's cross-objection supporting the CIT(A)'s decision was deemed infructuous as the tribunal dismissed it along with the Revenue's appeal. en-us Thu, 01 Jul 2004 00:00:00 +0530 Tue, 29 Mar 2011 17:57:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68409 The tribunal rejected the Revenue's appeal against the CIT(A)'s decision to allow relief of Rs. 1,00,000, emphasizing the AO's failure to consider interest claimed in the P&L account and make a fair income estimate. The tribunal found the AO's income estimation excessive and unreasonable, upholding the relief granted by the CIT(A). The assessee's cross-objection supporting the CIT(A)'s decision was deemed infructuous as the tribunal dismissed it along with the Revenue's appeal. Case-Laws Income Tax Thu, 01 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68409