https://www.taxtmi.com/caselaws?id=259441 The court upheld the decision of the appellate authorities to reduce the addition made by the Assessing Officer under the Income-tax Act. The court found that the Assessing Officer's disallowance of expenses lacked justification and concrete evidence, while the appellate authorities appropriately considered the assessee's past history in determining the net profit rate. As a result, the court dismissed the appeal, concluding that no substantial question of law arose from the Tribunal's order. en-us Mon, 18 Aug 2014 00:00:00 +0530 Mon, 11 May 2015 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259441 The court upheld the decision of the appellate authorities to reduce the addition made by the Assessing Officer under the Income-tax Act. The court found that the Assessing Officer's disallowance of expenses lacked justification and concrete evidence, while the appellate authorities appropriately considered the assessee's past history in determining the net profit rate. As a result, the court dismissed the appeal, concluding that no substantial question of law arose from the Tribunal's order. Case-Laws Income Tax Mon, 18 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259441