https://www.taxtmi.com/caselaws?id=328176 The Tribunal ruled in favor of the assessee, deleting additions totaling to over Rs. 38 million and overturning the penalty imposed under section 271(1)(c) of the Act. The Tribunal emphasized the significance of providing cogent evidence in tax assessments and rejected the Revenue's unsubstantiated assumptions. en-us Tue, 26 Apr 2016 00:00:00 +0530 Sat, 28 May 2016 08:38:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328176 The Tribunal ruled in favor of the assessee, deleting additions totaling to over Rs. 38 million and overturning the penalty imposed under section 271(1)(c) of the Act. The Tribunal emphasized the significance of providing cogent evidence in tax assessments and rejected the Revenue's unsubstantiated assumptions. Case-Laws Income Tax Tue, 26 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328176