https://www.taxtmi.com/caselaws?id=238427 The court upheld the Commissioner of Income Tax (Appeals) decision in favor of the respondent, rejecting the additions made by the Assessing Officer during reassessment proceedings for the assessment year 2005-06. The additions of Rs.1,69,88,383 and Rs.1,50,00,000 were found unjustified, with the tribunal emphasizing the importance of considering actual costs incurred and lack of evidence challenging the projected costs. The court ruled that the appellant failed to substantiate their claims, leading to the dismissal of the appeal without costs. en-us Fri, 11 Oct 2013 00:00:00 +0530 Tue, 22 Oct 2013 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238427 The court upheld the Commissioner of Income Tax (Appeals) decision in favor of the respondent, rejecting the additions made by the Assessing Officer during reassessment proceedings for the assessment year 2005-06. The additions of Rs.1,69,88,383 and Rs.1,50,00,000 were found unjustified, with the tribunal emphasizing the importance of considering actual costs incurred and lack of evidence challenging the projected costs. The court ruled that the appellant failed to substantiate their claims, leading to the dismissal of the appeal without costs. Case-Laws Income Tax Fri, 11 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238427