https://www.taxtmi.com/caselaws?id=369996 The tribunal dismissed the Revenue's appeal on all grounds and allowed the assessee's cross-objection, directing the AO to delete the additions. The tribunal found that the CIT(A) had rightly deleted the additions, as the expenses and transactions were genuine, necessary for the business, and duly accounted for in the books. The AO's actions were deemed arbitrary and not based on proper appreciation of facts and evidence. en-us Wed, 31 Oct 2018 00:00:00 +0530 Thu, 08 Nov 2018 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369996 The tribunal dismissed the Revenue's appeal on all grounds and allowed the assessee's cross-objection, directing the AO to delete the additions. The tribunal found that the CIT(A) had rightly deleted the additions, as the expenses and transactions were genuine, necessary for the business, and duly accounted for in the books. The AO's actions were deemed arbitrary and not based on proper appreciation of facts and evidence. Case-Laws Income Tax Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369996