https://www.taxtmi.com/caselaws?id=247342 The Tribunal allowed the Assessee's appeal, directing the deletion of additions made by the AO based on estimation and conjectures. The judgment emphasized the necessity of concrete evidence and proper assessment procedures in determining taxable income, stating that arbitrary estimations without factual basis are impermissible under the law. en-us Tue, 29 Apr 2014 00:00:00 +0530 Fri, 09 May 2014 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247342 The Tribunal allowed the Assessee's appeal, directing the deletion of additions made by the AO based on estimation and conjectures. The judgment emphasized the necessity of concrete evidence and proper assessment procedures in determining taxable income, stating that arbitrary estimations without factual basis are impermissible under the law. Case-Laws Income Tax Tue, 29 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247342