https://www.taxtmi.com/caselaws?id=253874 The Tribunal upheld the CIT(A)'s decision to delete the arbitrary additions made by the AO, amounting to Rs. 32,24,772 and Rs. 66.91 lakhs, based on insufficient evidence and improper estimation methods. The Tribunal dismissed the revenue's appeal, emphasizing the importance of concrete evidence and procedural adherence in income assessments. The assessee's cross objections were also dismissed. en-us Thu, 13 Nov 2014 00:00:00 +0530 Sat, 06 Dec 2014 06:32:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253874 The Tribunal upheld the CIT(A)'s decision to delete the arbitrary additions made by the AO, amounting to Rs. 32,24,772 and Rs. 66.91 lakhs, based on insufficient evidence and improper estimation methods. The Tribunal dismissed the revenue's appeal, emphasizing the importance of concrete evidence and procedural adherence in income assessments. The assessee's cross objections were also dismissed. Case-Laws Income Tax Thu, 13 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253874