https://www.taxtmi.com/caselaws?id=218254 The Tribunal upheld the CIT(A)'s decision to delete the additions made by the AO for business expenses claimed and interest paid to Corporation Bank as financial charges. The Tribunal emphasized the principle of consistency in allowing the expenses, noting that similar claims were accepted in preceding and subsequent years. The Revenue's appeal was dismissed based on the lack of evidence supporting the AO's suspicions and the legitimate nature of the expenses claimed by the assessee. en-us Fri, 13 Jan 2012 00:00:00 +0530 Thu, 08 Nov 2012 07:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218254 The Tribunal upheld the CIT(A)'s decision to delete the additions made by the AO for business expenses claimed and interest paid to Corporation Bank as financial charges. The Tribunal emphasized the principle of consistency in allowing the expenses, noting that similar claims were accepted in preceding and subsequent years. The Revenue's appeal was dismissed based on the lack of evidence supporting the AO's suspicions and the legitimate nature of the expenses claimed by the assessee. Case-Laws Income Tax Fri, 13 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218254