https://www.taxtmi.com/caselaws?id=242172 The tribunal dismissed the department's appeal and partly allowed the cross-objection of the assessee. The judgment emphasized the importance of past history and reasonable estimation in tax assessments, reducing disallowances and deletions made by the Income Tax Officer based on lack of evidence or excessive amounts. The tribunal upheld the CIT(A)'s decisions on various additions and deletions, providing relief to the assessee on several grounds while maintaining a balanced approach to expense disallowances. en-us Fri, 13 Dec 2013 00:00:00 +0530 Thu, 09 Jan 2014 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242172 The tribunal dismissed the department's appeal and partly allowed the cross-objection of the assessee. The judgment emphasized the importance of past history and reasonable estimation in tax assessments, reducing disallowances and deletions made by the Income Tax Officer based on lack of evidence or excessive amounts. The tribunal upheld the CIT(A)'s decisions on various additions and deletions, providing relief to the assessee on several grounds while maintaining a balanced approach to expense disallowances. Case-Laws Income Tax Fri, 13 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242172