https://www.taxtmi.com/caselaws?id=181732 The Tribunal dismissed all three appeals by the Revenue, upholding the CIT(A)'s decision to delete the additions made under section 145 of the Income-tax Act for the assessment years 2002-03 to 2004-05. The Tribunal found that the assessing officer did not provide a proper basis for the estimates and additions, and there was no evidence of tax evasion by the assessee. Additionally, it was concluded that the Joint Venture did not derive any income during the relevant year, leading to the dismissal of the Revenue's appeals. en-us Fri, 04 Nov 2011 00:00:00 +0530 Fri, 22 Apr 2016 17:42:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181732 The Tribunal dismissed all three appeals by the Revenue, upholding the CIT(A)'s decision to delete the additions made under section 145 of the Income-tax Act for the assessment years 2002-03 to 2004-05. The Tribunal found that the assessing officer did not provide a proper basis for the estimates and additions, and there was no evidence of tax evasion by the assessee. Additionally, it was concluded that the Joint Venture did not derive any income during the relevant year, leading to the dismissal of the Revenue's appeals. Case-Laws Income Tax Fri, 04 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181732