https://www.taxtmi.com/caselaws?id=68607 The Tribunal upheld the deletion of the addition of Rs. 84,000 by the CIT(A) towards unexplained expenditure on the marriages of the assessee's son and daughter for the assessment year 1982-83. The Tribunal found that the AO's conclusions lacked a solid legal basis and were based on presumptions without substantial evidence. Emphasizing the importance of considering all evidence, the Tribunal dismissed the Department's appeal, highlighting the need for a factual and reasoned approach in estimating income. en-us Tue, 14 Sep 2004 00:00:00 +0530 Thu, 31 Mar 2011 13:05:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68607 The Tribunal upheld the deletion of the addition of Rs. 84,000 by the CIT(A) towards unexplained expenditure on the marriages of the assessee's son and daughter for the assessment year 1982-83. The Tribunal found that the AO's conclusions lacked a solid legal basis and were based on presumptions without substantial evidence. Emphasizing the importance of considering all evidence, the Tribunal dismissed the Department's appeal, highlighting the need for a factual and reasoned approach in estimating income. Case-Laws Income Tax Tue, 14 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68607