https://www.taxtmi.com/caselaws?id=196193 The Tribunal upheld the CIT(A)'s decisions in dismissing the appeals filed by the revenue. The additions made by the Assessing Officer were deleted regarding cessation of liability under section 41(1) of the Act, discrepancies in purchases, deemed profit under section 41(1), disallowance of interest, and disallowance of depreciation claim on a car. The Tribunal supported the CIT(A)'s rationale based on legal precedents and factual findings, ultimately resulting in a favorable outcome for the assessee. en-us Fri, 29 Nov 2013 00:00:00 +0530 Tue, 21 Nov 2017 15:17:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196193 The Tribunal upheld the CIT(A)'s decisions in dismissing the appeals filed by the revenue. The additions made by the Assessing Officer were deleted regarding cessation of liability under section 41(1) of the Act, discrepancies in purchases, deemed profit under section 41(1), disallowance of interest, and disallowance of depreciation claim on a car. The Tribunal supported the CIT(A)'s rationale based on legal precedents and factual findings, ultimately resulting in a favorable outcome for the assessee. Case-Laws Income Tax Fri, 29 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196193