https://www.taxtmi.com/caselaws?id=356440 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions in favor of the assessee on both issues. The appeal by the revenue regarding depreciation on estimated income was dismissed, directing the Assessing Officer to add depreciation as per law. Additionally, the Tribunal upheld the CIT(A)'s decision to accept unproved loans as genuine, dismissing the revenue's appeal on the addition towards unproved loan creditors. en-us Wed, 28 Feb 2018 00:00:00 +0530 Tue, 06 Mar 2018 06:34:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356440 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions in favor of the assessee on both issues. The appeal by the revenue regarding depreciation on estimated income was dismissed, directing the Assessing Officer to add depreciation as per law. Additionally, the Tribunal upheld the CIT(A)'s decision to accept unproved loans as genuine, dismissing the revenue's appeal on the addition towards unproved loan creditors. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356440