https://www.taxtmi.com/caselaws?id=354345 The Tribunal dismissed both appeals by the Revenue. It upheld the CIT(A)'s decisions due to the debatability regarding the applicable tax rate on short term capital gains from depreciable assets and the lack of substantiated evidence for the addition on account of suppressed production of TMT bars. The judgments highlighted the significance of thorough assessments and the requirement of clear legal grounds for invoking rectification provisions. en-us Wed, 18 Oct 2017 00:00:00 +0530 Wed, 24 Jan 2018 08:32:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354345 The Tribunal dismissed both appeals by the Revenue. It upheld the CIT(A)'s decisions due to the debatability regarding the applicable tax rate on short term capital gains from depreciable assets and the lack of substantiated evidence for the addition on account of suppressed production of TMT bars. The judgments highlighted the significance of thorough assessments and the requirement of clear legal grounds for invoking rectification provisions. Case-Laws Income Tax Wed, 18 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354345