https://www.taxtmi.com/caselaws?id=187482 The Court dismissed the appeal challenging the Income Tax Appellate Tribunal's decision for the Assessment Year 1998-1999. It upheld the deletion of certain additions made by the Assessing Officer due to lack of supporting evidence and reasoning. The Court found the AO's estimations on suppressed sales and expenses to be unjustified and inconsistent, emphasizing the need for cogent reasons and comparable cases for estimations. As the factual findings were deemed reasonable and no substantial legal question arose, the appeal was dismissed for lacking merit. en-us Fri, 24 Sep 2010 00:00:00 +0530 Mon, 24 Oct 2016 16:06:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187482 The Court dismissed the appeal challenging the Income Tax Appellate Tribunal's decision for the Assessment Year 1998-1999. It upheld the deletion of certain additions made by the Assessing Officer due to lack of supporting evidence and reasoning. The Court found the AO's estimations on suppressed sales and expenses to be unjustified and inconsistent, emphasizing the need for cogent reasons and comparable cases for estimations. As the factual findings were deemed reasonable and no substantial legal question arose, the appeal was dismissed for lacking merit. Case-Laws Income Tax Fri, 24 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187482