https://www.taxtmi.com/caselaws?id=215678 The Tribunal partly allowed both the assessee's and revenue's appeals. The Tribunal upheld the CIT(A)'s decisions on most issues, except for the disallowance of prepaid insurance, which was reversed. The additions and disallowances made by the Assessing Officer were scrutinized, with some being deleted due to lack of evidence or reasonable explanations provided by the assessee. The Tribunal's rulings were based on the credibility and supporting documentation presented for various expenses and credits, resulting in modifications to the initial tax assessments. en-us Fri, 15 Jun 2012 00:00:00 +0530 Mon, 06 Aug 2012 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215678 The Tribunal partly allowed both the assessee's and revenue's appeals. The Tribunal upheld the CIT(A)'s decisions on most issues, except for the disallowance of prepaid insurance, which was reversed. The additions and disallowances made by the Assessing Officer were scrutinized, with some being deleted due to lack of evidence or reasonable explanations provided by the assessee. The Tribunal's rulings were based on the credibility and supporting documentation presented for various expenses and credits, resulting in modifications to the initial tax assessments. Case-Laws Income Tax Fri, 15 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215678