https://www.taxtmi.com/caselaws?id=362362 The Tribunal upheld the CIT(A)'s decisions to delete the disallowances for consultancy charges and expenses claimed by the assessee for Assessment Years 2010-11 and 2011-12, respectively. The disallowances were overturned due to lack of sufficient evidence provided by the Revenue to question the correctness of the books and the genuineness of the expenses claimed. The Tribunal emphasized the importance of adhering to legal precedents and accounting standards in making such disallowances, ultimately dismissing the Revenue's appeals for both years. en-us Thu, 21 Jun 2018 00:00:00 +0530 Fri, 22 Jun 2018 22:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362362 The Tribunal upheld the CIT(A)'s decisions to delete the disallowances for consultancy charges and expenses claimed by the assessee for Assessment Years 2010-11 and 2011-12, respectively. The disallowances were overturned due to lack of sufficient evidence provided by the Revenue to question the correctness of the books and the genuineness of the expenses claimed. The Tribunal emphasized the importance of adhering to legal precedents and accounting standards in making such disallowances, ultimately dismissing the Revenue's appeals for both years. Case-Laws Income Tax Thu, 21 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362362