https://www.taxtmi.com/caselaws?id=326980 The Tribunal ruled in favor of the assessee, overturning the AO and CIT (A)'s decisions regarding the estimation of net profit and the addition of liability under section 41(1) of the Income Tax Act. The Tribunal emphasized the lack of proper justification for these actions and stressed the importance of evidence and factual accuracy in tax assessments. en-us Tue, 02 Feb 2016 00:00:00 +0530 Sat, 18 Jun 2016 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326980 The Tribunal ruled in favor of the assessee, overturning the AO and CIT (A)'s decisions regarding the estimation of net profit and the addition of liability under section 41(1) of the Income Tax Act. The Tribunal emphasized the lack of proper justification for these actions and stressed the importance of evidence and factual accuracy in tax assessments. Case-Laws Income Tax Tue, 02 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326980