https://www.taxtmi.com/caselaws?id=267606 The Tribunal upheld the CIT(A)'s decision to delete the addition on account of suppression of profit due to client code modifications. It found that the modifications were genuine, within permissible limits, and properly accounted for, with no evidence of malafide intentions. The Tribunal dismissed the Revenue's appeal for both assessment years, emphasizing that the A.O.'s additions were based on assumptions and notional profits, which are not permissible under the law. en-us Wed, 30 Sep 2015 00:00:00 +0530 Sat, 30 Apr 2016 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267606 The Tribunal upheld the CIT(A)'s decision to delete the addition on account of suppression of profit due to client code modifications. It found that the modifications were genuine, within permissible limits, and properly accounted for, with no evidence of malafide intentions. The Tribunal dismissed the Revenue's appeal for both assessment years, emphasizing that the A.O.'s additions were based on assumptions and notional profits, which are not permissible under the law. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267606