https://www.taxtmi.com/caselaws?id=345033 The Court upheld the Income Tax Appellate Tribunal's decision, ruling in favor of the assessee and dismissing the appeal brought by the revenue. The Court found that the Assessing Officer's order lacked substantial evidence, primarily relying on complaints from a few pilots without proper verification. It was emphasized that the AO failed to reconcile records and verify pilots' tax returns, leading to a conclusion that the AO's findings were based on conjecture rather than credible material. en-us Mon, 03 Jul 2017 00:00:00 +0530 Mon, 13 Nov 2017 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345033 The Court upheld the Income Tax Appellate Tribunal's decision, ruling in favor of the assessee and dismissing the appeal brought by the revenue. The Court found that the Assessing Officer's order lacked substantial evidence, primarily relying on complaints from a few pilots without proper verification. It was emphasized that the AO failed to reconcile records and verify pilots' tax returns, leading to a conclusion that the AO's findings were based on conjecture rather than credible material. Case-Laws Income Tax Mon, 03 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345033