https://www.taxtmi.com/caselaws?id=255045 The High Court set aside the Appellate Tribunal's judgment in appeals under section 260A of the Income-tax Act, 1961, restoring orders passed by the CIT(A) in favor of the assessee. The Court found the Tribunal's reliance on Section 145(2) unjustified, emphasizing the need to consider specific evidence and findings by the CIT(A) in determining suppressed income. The judgment highlighted discrepancies in accounts and errors in records, ultimately leading to a favorable outcome for the assessee based on a more thorough assessment of the facts. en-us Fri, 21 Nov 2014 00:00:00 +0530 Wed, 07 Jan 2015 06:43:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255045 The High Court set aside the Appellate Tribunal's judgment in appeals under section 260A of the Income-tax Act, 1961, restoring orders passed by the CIT(A) in favor of the assessee. The Court found the Tribunal's reliance on Section 145(2) unjustified, emphasizing the need to consider specific evidence and findings by the CIT(A) in determining suppressed income. The judgment highlighted discrepancies in accounts and errors in records, ultimately leading to a favorable outcome for the assessee based on a more thorough assessment of the facts. Case-Laws Income Tax Fri, 21 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255045