https://www.taxtmi.com/caselaws?id=344277 The Tribunal dismissed the Revenue's appeal against the deletion of the addition made by the Assessing Officer under section 23(1)(a) of the Income Tax Act. The Tribunal found that the Assessing Officer's estimation of rent was not justifiable as there were no suspicious circumstances, fraud, or collusion. Relying on previous High Court decisions, the Tribunal directed the deletion of the specific addition, ultimately ruling in favor of the assessee. The Departmental Representative's failure to challenge the CIT(A)'s findings led to the dismissal of the Revenue's appeal, in line with the Bombay High Court's decision. en-us Fri, 09 Jun 2017 00:00:00 +0530 Wed, 14 Jun 2017 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344277 The Tribunal dismissed the Revenue's appeal against the deletion of the addition made by the Assessing Officer under section 23(1)(a) of the Income Tax Act. The Tribunal found that the Assessing Officer's estimation of rent was not justifiable as there were no suspicious circumstances, fraud, or collusion. Relying on previous High Court decisions, the Tribunal directed the deletion of the specific addition, ultimately ruling in favor of the assessee. The Departmental Representative's failure to challenge the CIT(A)'s findings led to the dismissal of the Revenue's appeal, in line with the Bombay High Court's decision. Case-Laws Income Tax Fri, 09 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344277