https://www.taxtmi.com/caselaws?id=361720 The Tribunal allowed the assessee's appeal, directing fresh adjudication on specific issues and upholding the deletion of disallowances where applicable. The Tribunal emphasized that disallowances cannot be made in the absence of exempt income and required the Assessing Officer to verify claims before disallowing expenses. The Tribunal also focused on determining the true nature of transactions, considering additional evidence for accurate assessment. The Tribunal's decisions were based on established legal principles and interpretations, ensuring fair treatment for the assessee. en-us Fri, 08 Jun 2018 00:00:00 +0530 Tue, 12 Jun 2018 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361720 The Tribunal allowed the assessee's appeal, directing fresh adjudication on specific issues and upholding the deletion of disallowances where applicable. The Tribunal emphasized that disallowances cannot be made in the absence of exempt income and required the Assessing Officer to verify claims before disallowing expenses. The Tribunal also focused on determining the true nature of transactions, considering additional evidence for accurate assessment. The Tribunal's decisions were based on established legal principles and interpretations, ensuring fair treatment for the assessee. Case-Laws Income Tax Fri, 08 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361720