https://www.taxtmi.com/caselaws?id=176557 The Tax Appeals under the Income-tax Act for the assessment years 1993-94, 1994-95, and 1998-99 involved issues such as excess consumption of raw materials, bogus loss on transactions, disallowance of depreciation, and suppression of profit. The Tribunal confirmed the deletion of additions for various issues in all three appeals due to lack of concrete evidence and incorrect figures provided by the assessing officer. The Tribunal emphasized the importance of factual findings and lack of substantial legal questions, leading to the dismissal of all appeals based on factual analysis. en-us Tue, 09 Feb 2010 00:00:00 +0530 Thu, 24 Dec 2015 18:02:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176557 The Tax Appeals under the Income-tax Act for the assessment years 1993-94, 1994-95, and 1998-99 involved issues such as excess consumption of raw materials, bogus loss on transactions, disallowance of depreciation, and suppression of profit. The Tribunal confirmed the deletion of additions for various issues in all three appeals due to lack of concrete evidence and incorrect figures provided by the assessing officer. The Tribunal emphasized the importance of factual findings and lack of substantial legal questions, leading to the dismissal of all appeals based on factual analysis. Case-Laws Income Tax Tue, 09 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176557