https://www.taxtmi.com/caselaws?id=326849 The Tribunal partly allowed the assessee's appeal, granting relief on various grounds and dismissing the Revenue's appeal. The Tribunal emphasized the need for substantial evidence to justify disallowances and adjustments by the Assessing Officer, based on principles of business exigency, reasonableness of expenses, and legislative intent under the Income-tax Act. en-us Wed, 09 Dec 2015 00:00:00 +0530 Mon, 25 Apr 2016 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326849 The Tribunal partly allowed the assessee's appeal, granting relief on various grounds and dismissing the Revenue's appeal. The Tribunal emphasized the need for substantial evidence to justify disallowances and adjustments by the Assessing Officer, based on principles of business exigency, reasonableness of expenses, and legislative intent under the Income-tax Act. Case-Laws Income Tax Wed, 09 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326849