https://www.taxtmi.com/caselaws?id=263442 The ITAT upheld the CIT(A)'s decision, dismissing all grounds of appeal raised by the assessee. The conversion of loss to income by the AO, rejection of additional grounds, confirmation of additions on food and beverage and function charges, and disallowance of interest were all upheld. The ITAT found the estimations and rejections justified based on the lack of proper records and evidence presented by the assessee. The appeal was ultimately dismissed, emphasizing the importance of maintaining accurate records in tax assessments. en-us Mon, 12 Aug 2013 00:00:00 +0530 Thu, 03 Sep 2015 07:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263442 The ITAT upheld the CIT(A)'s decision, dismissing all grounds of appeal raised by the assessee. The conversion of loss to income by the AO, rejection of additional grounds, confirmation of additions on food and beverage and function charges, and disallowance of interest were all upheld. The ITAT found the estimations and rejections justified based on the lack of proper records and evidence presented by the assessee. The appeal was ultimately dismissed, emphasizing the importance of maintaining accurate records in tax assessments. Case-Laws Income Tax Mon, 12 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263442