https://www.taxtmi.com/caselaws?id=260275 The Revenue's appeal was allowed for statistical purposes, with specific issues remanded back to the AO for verification and adjudication on merits. The Tribunal emphasized adherence to RBI guidelines and the principle of taxing real income over hypothetical income, highlighting the importance of consistent accounting policies and the need for the AO to consider genuine claims made by the assessee during assessment proceedings. en-us Fri, 27 Mar 2015 00:00:00 +0530 Fri, 05 Jun 2015 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260275 The Revenue's appeal was allowed for statistical purposes, with specific issues remanded back to the AO for verification and adjudication on merits. The Tribunal emphasized adherence to RBI guidelines and the principle of taxing real income over hypothetical income, highlighting the importance of consistent accounting policies and the need for the AO to consider genuine claims made by the assessee during assessment proceedings. Case-Laws Income Tax Fri, 27 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260275