https://www.taxtmi.com/caselaws?id=260468 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on all three grounds. The Tribunal found that the AO's additions lacked substantial evidence, emphasizing that notional income cannot be taxed and that commercial expediency justified the discounts and rates charged by the Assessee. The appeal of the Revenue was dismissed in its entirety. en-us Fri, 15 May 2015 00:00:00 +0530 Fri, 12 Jun 2015 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260468 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on all three grounds. The Tribunal found that the AO's additions lacked substantial evidence, emphasizing that notional income cannot be taxed and that commercial expediency justified the discounts and rates charged by the Assessee. The appeal of the Revenue was dismissed in its entirety. Case-Laws Income Tax Fri, 15 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260468