https://www.taxtmi.com/caselaws?id=249471 The Tribunal ruled in favor of the appellant, emphasizing the importance of proper assessment procedures and the need for valid grounds before estimating income. The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's cross objections. The disallowance of detention charges was upheld due to the appellant's failure to improve its case before the authorities. The judgment highlights the significance of substantiating claims and maintaining accurate records for income tax assessments. en-us Fri, 20 Jun 2014 00:00:00 +0530 Tue, 15 Jul 2014 06:26:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249471 The Tribunal ruled in favor of the appellant, emphasizing the importance of proper assessment procedures and the need for valid grounds before estimating income. The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's cross objections. The disallowance of detention charges was upheld due to the appellant's failure to improve its case before the authorities. The judgment highlights the significance of substantiating claims and maintaining accurate records for income tax assessments. Case-Laws Income Tax Fri, 20 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249471