https://www.taxtmi.com/caselaws?id=257959 The High Court allowed the appeal, ruling in favor of the assessee and rejecting the disallowance of weaving charges. The Court criticized the speculative nature of the department's actions, emphasizing the validity of the expenses claimed by the appellant based on proper record-keeping and trade practices. The Court found no rational basis for the 10% relief granted by the Tribunal and deemed the entire departmental exercise as speculative. Ultimately, the judgment favored the assessee, emphasizing the justification of the expenses claimed and ruling against the Revenue. en-us Wed, 18 Mar 2015 00:00:00 +0530 Fri, 27 Mar 2015 05:40:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257959 The High Court allowed the appeal, ruling in favor of the assessee and rejecting the disallowance of weaving charges. The Court criticized the speculative nature of the department's actions, emphasizing the validity of the expenses claimed by the appellant based on proper record-keeping and trade practices. The Court found no rational basis for the 10% relief granted by the Tribunal and deemed the entire departmental exercise as speculative. Ultimately, the judgment favored the assessee, emphasizing the justification of the expenses claimed and ruling against the Revenue. Case-Laws Income Tax Wed, 18 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257959