https://www.taxtmi.com/caselaws?id=256329 The Tribunal ruled in favor of the assessee in a case involving disallowance under Section 10B of the Income Tax Act. The Tribunal found discrepancies in the Assessing Officer's comparison of sale values of granite blocks, highlighting the need for a more thorough investigation. Allegations of profit shifting to an eligible undertaking were dismissed due to lack of detailed evidence. The Tribunal emphasized the importance of comprehensive analysis and factual basis in tax assessments, rejecting the Revenue's appeal and emphasizing evidence-based decision-making in tax disputes. en-us Mon, 02 Feb 2015 00:00:00 +0530 Thu, 16 Jul 2015 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256329 The Tribunal ruled in favor of the assessee in a case involving disallowance under Section 10B of the Income Tax Act. The Tribunal found discrepancies in the Assessing Officer's comparison of sale values of granite blocks, highlighting the need for a more thorough investigation. Allegations of profit shifting to an eligible undertaking were dismissed due to lack of detailed evidence. The Tribunal emphasized the importance of comprehensive analysis and factual basis in tax assessments, rejecting the Revenue's appeal and emphasizing evidence-based decision-making in tax disputes. Case-Laws Income Tax Mon, 02 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256329