https://www.taxtmi.com/caselaws?id=354201 The Appellate Tribunal upheld the deletion of the estimation of rent made by the Assessing Officer under section 23 of the Income Tax Act. The Tribunal found that the CIT(A) correctly considered previous judicial decisions and material on record, determining that the AO's estimation was not in line with the law. The Tribunal noted the absence of evidence indicating fraud or collusion and dismissed the Revenue's appeal, citing consistency with the appellant's previous cases and the High Court's dismissal of the Revenue's appeal against the Tribunal's order. en-us Thu, 18 Jan 2018 00:00:00 +0530 Sat, 20 Jan 2018 08:10:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354201 The Appellate Tribunal upheld the deletion of the estimation of rent made by the Assessing Officer under section 23 of the Income Tax Act. The Tribunal found that the CIT(A) correctly considered previous judicial decisions and material on record, determining that the AO's estimation was not in line with the law. The Tribunal noted the absence of evidence indicating fraud or collusion and dismissed the Revenue's appeal, citing consistency with the appellant's previous cases and the High Court's dismissal of the Revenue's appeal against the Tribunal's order. Case-Laws Income Tax Thu, 18 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354201