https://www.taxtmi.com/caselaws?id=256162 The Tribunal dismissed the Revenue's appeal, upholding the reduction in estimated sales and gross profit rate, deletion of disallowance of depreciation on vehicles, and deletion of addition made under section 40(a)(ia) of the Act. The Tribunal found the CIT(A)'s decisions reasonable and the Revenue failed to provide evidence to challenge them. The assessee's Cross Objection was allowed, resulting in a favorable outcome for the assessee. en-us Fri, 19 Apr 2013 00:00:00 +0530 Wed, 04 Feb 2015 13:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256162 The Tribunal dismissed the Revenue's appeal, upholding the reduction in estimated sales and gross profit rate, deletion of disallowance of depreciation on vehicles, and deletion of addition made under section 40(a)(ia) of the Act. The Tribunal found the CIT(A)'s decisions reasonable and the Revenue failed to provide evidence to challenge them. The assessee's Cross Objection was allowed, resulting in a favorable outcome for the assessee. Case-Laws Income Tax Fri, 19 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256162