https://www.taxtmi.com/caselaws?id=274537 The appeals filed by Revenue against CIT(A) orders for AY 2003-04 and AY 2004-2005 were dismissed. For AY 2003-04, additions made by the AO were deleted by CIT(A) due to flawed estimation methods and lack of opportunity for the assessee. For AY 2004-05, disallowed personal expenses were found justified by CIT(A) based on evidence provided, emphasizing the AO cannot substitute his views for that of the businessman. The orders of the CIT(A) were upheld in both cases. en-us Fri, 21 Sep 2012 00:00:00 +0530 Mon, 20 Aug 2018 14:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274537 The appeals filed by Revenue against CIT(A) orders for AY 2003-04 and AY 2004-2005 were dismissed. For AY 2003-04, additions made by the AO were deleted by CIT(A) due to flawed estimation methods and lack of opportunity for the assessee. For AY 2004-05, disallowed personal expenses were found justified by CIT(A) based on evidence provided, emphasizing the AO cannot substitute his views for that of the businessman. The orders of the CIT(A) were upheld in both cases. Case-Laws Income Tax Fri, 21 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274537