https://www.taxtmi.com/caselaws?id=71626 The Tribunal held that the Assessing Officer's disallowance of the Rs.2.41 crores claimed by the assessee as a liability of Hotel Amir Pvt. Ltd. during the processing of the return under section 143(1)(a) was not justified. The Tribunal found that the issue of cost of improvement was debatable and required further inquiry under sections 143(2) and 143(3), concluding that the CIT(A) had exceeded jurisdiction by considering information not available in the return. The appeal of the assessee was allowed, emphasizing the need for a more thorough investigation before making adjustments. en-us Thu, 31 Jan 2002 00:00:00 +0530 Tue, 26 Apr 2011 11:38:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71626 The Tribunal held that the Assessing Officer's disallowance of the Rs.2.41 crores claimed by the assessee as a liability of Hotel Amir Pvt. Ltd. during the processing of the return under section 143(1)(a) was not justified. The Tribunal found that the issue of cost of improvement was debatable and required further inquiry under sections 143(2) and 143(3), concluding that the CIT(A) had exceeded jurisdiction by considering information not available in the return. The appeal of the assessee was allowed, emphasizing the need for a more thorough investigation before making adjustments. Case-Laws Income Tax Thu, 31 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71626