https://www.taxtmi.com/caselaws?id=331218 The Tribunal dismissed both the revenue's and the assessee's appeals, upholding the CIT(A)'s decisions on all grounds. The deletions and disallowances were maintained based on legal precedents and factual circumstances presented. The judgment highlights the significance of actual payment and real income in tax assessments, in line with established judicial interpretations. en-us Wed, 22 Jun 2016 00:00:00 +0530 Tue, 16 Aug 2016 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331218 The Tribunal dismissed both the revenue's and the assessee's appeals, upholding the CIT(A)'s decisions on all grounds. The deletions and disallowances were maintained based on legal precedents and factual circumstances presented. The judgment highlights the significance of actual payment and real income in tax assessments, in line with established judicial interpretations. Case-Laws Income Tax Wed, 22 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331218