https://www.taxtmi.com/caselaws?id=68551 The Tribunal ruled in favor of the appellant, holding that the AO exceeded permissible adjustments under s. 143(1)(a) by disallowing depreciation, gratuity, and sales-tax without proper evidence. Citing precedent, the Tribunal emphasized that genuine claims cannot be disallowed solely due to lack of proof. The disallowance was deemed unjustified, and the AO was directed to grant the necessary relief to the assessee. As a result, the appeal was allowed, overturning the CIT(A)'s decision and providing a favorable outcome for the appellant. en-us Tue, 05 Feb 2002 00:00:00 +0530 Thu, 31 Mar 2011 10:44:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68551 The Tribunal ruled in favor of the appellant, holding that the AO exceeded permissible adjustments under s. 143(1)(a) by disallowing depreciation, gratuity, and sales-tax without proper evidence. Citing precedent, the Tribunal emphasized that genuine claims cannot be disallowed solely due to lack of proof. The disallowance was deemed unjustified, and the AO was directed to grant the necessary relief to the assessee. As a result, the appeal was allowed, overturning the CIT(A)'s decision and providing a favorable outcome for the appellant. Case-Laws Income Tax Tue, 05 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68551