https://www.taxtmi.com/caselaws?id=182734 The Tribunal dismissed the appeals of the assessee and the Revenue for AY 2004-05, partly allowed the assessee's appeal for AY 2001-02, and dismissed the Revenue's appeal for AY 2001-02. The Tribunal emphasized the necessity of evidence and proper justification for claims and disallowances, and the distinct nature of assessment and penalty proceedings. en-us Fri, 12 Mar 2010 00:00:00 +0530 Fri, 17 Jun 2016 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182734 The Tribunal dismissed the appeals of the assessee and the Revenue for AY 2004-05, partly allowed the assessee's appeal for AY 2001-02, and dismissed the Revenue's appeal for AY 2001-02. The Tribunal emphasized the necessity of evidence and proper justification for claims and disallowances, and the distinct nature of assessment and penalty proceedings. Case-Laws Income Tax Fri, 12 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182734