https://www.taxtmi.com/caselaws?id=328330 The ITAT allowed the appeal, ruling in favor of the assessee on the disallowance of legal expenses and the addition of unaccounted sale proceeds. The ITAT emphasized the necessity of concrete evidence and adherence to legal principles in tax assessments, concluding that the assessing officer's actions lacked proper basis and substantial evidence. en-us Tue, 26 Apr 2016 00:00:00 +0530 Wed, 01 Jun 2016 21:53:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328330 The ITAT allowed the appeal, ruling in favor of the assessee on the disallowance of legal expenses and the addition of unaccounted sale proceeds. The ITAT emphasized the necessity of concrete evidence and adherence to legal principles in tax assessments, concluding that the assessing officer's actions lacked proper basis and substantial evidence. Case-Laws Income Tax Tue, 26 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328330