https://www.taxtmi.com/caselaws?id=10222 The court dismissed two appeals challenging the estimation of household expenses for assessment years 1994-95 and 1995-96 under the Income-tax Act, 1961. The court upheld the Tribunal's estimates as the assessee failed to provide detailed breakdowns of expenses, leading to the dismissal of the appeals. The court emphasized the importance of concrete evidence to support expense claims and clarified that it cannot substitute its own estimate unless the Tribunal's estimate is proven arbitrary. The lack of evidence and merit in the appeals resulted in their dismissal without considering the delay issue. en-us Fri, 03 Sep 2004 00:00:00 +0530 Fri, 10 Jul 2009 19:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10222 The court dismissed two appeals challenging the estimation of household expenses for assessment years 1994-95 and 1995-96 under the Income-tax Act, 1961. The court upheld the Tribunal's estimates as the assessee failed to provide detailed breakdowns of expenses, leading to the dismissal of the appeals. The court emphasized the importance of concrete evidence to support expense claims and clarified that it cannot substitute its own estimate unless the Tribunal's estimate is proven arbitrary. The lack of evidence and merit in the appeals resulted in their dismissal without considering the delay issue. Case-Laws Income Tax Fri, 03 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10222