https://www.taxtmi.com/caselaws?id=240887 The High Court dismissed the Department's appeal under section 260-A of the Income Tax Act against the judgment of the Income Tax Appellate Tribunal for the assessment year 1993-94. The Court held that the Tribunal, as the final fact-finding authority, correctly reduced the additions to the income made by the Assessing Officer based on estimation. The Court emphasized that estimation is a question of fact and ruled in favor of the assessee, affirming the Tribunal's decision and rejecting the Department's appeal. en-us Tue, 10 Dec 2013 00:00:00 +0530 Fri, 13 Dec 2013 07:14:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240887 The High Court dismissed the Department's appeal under section 260-A of the Income Tax Act against the judgment of the Income Tax Appellate Tribunal for the assessment year 1993-94. The Court held that the Tribunal, as the final fact-finding authority, correctly reduced the additions to the income made by the Assessing Officer based on estimation. The Court emphasized that estimation is a question of fact and ruled in favor of the assessee, affirming the Tribunal's decision and rejecting the Department's appeal. Case-Laws Income Tax Tue, 10 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240887