https://www.taxtmi.com/caselaws?id=190079 The Appellate Tribunal directed the Assessing Officer to re-examine the estimation of income from genuine transport charges at 0.5% based on the affidavit and explanations provided by the assessee. The Tribunal emphasized the verification of bank transactions related to accommodation bills and instructed the AO to review the modality followed for the entire amount. Ultimately, the appeal was allowed for statistical purposes, stressing the significance of considering all evidence and explanations before making income determinations. en-us Wed, 23 Sep 2015 00:00:00 +0530 Sat, 04 Feb 2017 11:18:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190079 The Appellate Tribunal directed the Assessing Officer to re-examine the estimation of income from genuine transport charges at 0.5% based on the affidavit and explanations provided by the assessee. The Tribunal emphasized the verification of bank transactions related to accommodation bills and instructed the AO to review the modality followed for the entire amount. Ultimately, the appeal was allowed for statistical purposes, stressing the significance of considering all evidence and explanations before making income determinations. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190079