https://www.taxtmi.com/caselaws?id=261816 The Tribunal ruled in favor of the Assessee, quashing the order under section 154 and deleting the additions made by the Assessing Officer. The Tribunal found that the assessment order under section 143(3) was passed after due consideration, and no rectification was necessary under section 154. It was held that the additions and disallowances lacked justification and were not supported by concrete evidence. The Tribunal emphasized the importance of adhering to principles of natural justice and proper consideration of evidence. The Assessee's appeal was allowed based on relevant judicial precedents. en-us Mon, 20 Jul 2015 00:00:00 +0530 Thu, 23 Jul 2015 07:48:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261816 The Tribunal ruled in favor of the Assessee, quashing the order under section 154 and deleting the additions made by the Assessing Officer. The Tribunal found that the assessment order under section 143(3) was passed after due consideration, and no rectification was necessary under section 154. It was held that the additions and disallowances lacked justification and were not supported by concrete evidence. The Tribunal emphasized the importance of adhering to principles of natural justice and proper consideration of evidence. The Assessee's appeal was allowed based on relevant judicial precedents. Case-Laws Income Tax Mon, 20 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261816