https://www.taxtmi.com/caselaws?id=187483 The Tribunal partly allowed all six appeals filed by the revenue, upholding the CIT(A)'s decisions with minor adjustments. The Tribunal stressed the importance of concrete evidence and reasonable estimations in best judgment assessments, emphasizing fairness and reasonableness in tax assessments. The issues of suppression of sales and commission on exchange of coins/torn notes were resolved in favor of the assessee, while a 10% disallowance of total expenses was upheld for the assessment year 1998-99 and subsequent years. en-us Fri, 15 Jan 2010 00:00:00 +0530 Mon, 24 Oct 2016 16:15:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187483 The Tribunal partly allowed all six appeals filed by the revenue, upholding the CIT(A)'s decisions with minor adjustments. The Tribunal stressed the importance of concrete evidence and reasonable estimations in best judgment assessments, emphasizing fairness and reasonableness in tax assessments. The issues of suppression of sales and commission on exchange of coins/torn notes were resolved in favor of the assessee, while a 10% disallowance of total expenses was upheld for the assessment year 1998-99 and subsequent years. Case-Laws Income Tax Fri, 15 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187483