https://www.taxtmi.com/caselaws?id=278154 The Tribunal upheld the ld. CIT(A)'s decision in favor of the Assessees, dismissing all appeals filed by the revenue. It found the AO's rejection of books of accounts and income estimation for the assessment year 2009-10 unjustified, citing lack of new evidence and reliance on reversed decisions from the previous year. The Tribunal emphasized the importance of substantiated evidence and fair assessments, ultimately supporting the Assessees and highlighting adherence to legal provisions and established precedents in tax matters. en-us Wed, 19 Nov 2014 00:00:00 +0530 Tue, 15 Jan 2019 11:20:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278154 The Tribunal upheld the ld. CIT(A)'s decision in favor of the Assessees, dismissing all appeals filed by the revenue. It found the AO's rejection of books of accounts and income estimation for the assessment year 2009-10 unjustified, citing lack of new evidence and reliance on reversed decisions from the previous year. The Tribunal emphasized the importance of substantiated evidence and fair assessments, ultimately supporting the Assessees and highlighting adherence to legal provisions and established precedents in tax matters. Case-Laws Income Tax Wed, 19 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278154