https://www.taxtmi.com/caselaws?id=360978 The ITAT upheld the CIT(A)'s decision to delete the addition for loss due to theft of goods, dismissing the revenue's appeal. The CIT(A) found the appellant's evidence sufficient and referenced judicial decisions to support the allowance of the claim. The judgment emphasizes the significance of presenting substantial evidence, considering judicial precedents, and requiring reasonable justifications for disallowing deductions by tax authorities. en-us Thu, 24 May 2018 00:00:00 +0530 Sat, 26 May 2018 08:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360978 The ITAT upheld the CIT(A)'s decision to delete the addition for loss due to theft of goods, dismissing the revenue's appeal. The CIT(A) found the appellant's evidence sufficient and referenced judicial decisions to support the allowance of the claim. The judgment emphasizes the significance of presenting substantial evidence, considering judicial precedents, and requiring reasonable justifications for disallowing deductions by tax authorities. Case-Laws Income Tax Thu, 24 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360978