https://www.taxtmi.com/caselaws?id=259279 The Tribunal dismissed the Revenue's appeals and allowed the assessee's cross objections. It upheld the CIT(A)'s decision to delete the additions made by the AO. The Tribunal found the CIT(A)'s direction to work out the peak amount for an addition vague and unsustainable. It concluded that the AO's additions lacked a justified basis and incriminating material, rendering them unsupportable. en-us Wed, 29 Apr 2015 00:00:00 +0530 Wed, 06 May 2015 07:39:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259279 The Tribunal dismissed the Revenue's appeals and allowed the assessee's cross objections. It upheld the CIT(A)'s decision to delete the additions made by the AO. The Tribunal found the CIT(A)'s direction to work out the peak amount for an addition vague and unsustainable. It concluded that the AO's additions lacked a justified basis and incriminating material, rendering them unsupportable. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259279