https://www.taxtmi.com/caselaws?id=383017 The High Court upheld the Tribunal's decision in dismissing the Revenue's appeals. The Tribunal's findings were supported, emphasizing that the Assessing Officer should have considered the returned income, not the originally assessed income. Deletions of additions under Section 40(3) were justified based on business expediency. The Tribunal also ruled against additions made without evidence or opportunity for examination. Cross objections were allowed, limiting assessment scope to specific additions. The Revenue's appeals were dismissed, with substantial questions of law answered against them. en-us Mon, 01 Jul 2019 00:00:00 +0530 Tue, 16 Jul 2019 07:46:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383017 The High Court upheld the Tribunal's decision in dismissing the Revenue's appeals. The Tribunal's findings were supported, emphasizing that the Assessing Officer should have considered the returned income, not the originally assessed income. Deletions of additions under Section 40(3) were justified based on business expediency. The Tribunal also ruled against additions made without evidence or opportunity for examination. Cross objections were allowed, limiting assessment scope to specific additions. The Revenue's appeals were dismissed, with substantial questions of law answered against them. Case-Laws Income Tax Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383017