https://www.taxtmi.com/caselaws?id=19358 The Appellate Tribunal was correct in deleting additions for the assessment years 1972-73 and 1973-74. The Tribunal found that the Income-tax Officer failed to prove that the claimed income had not accrued, and the Tribunal's decision to delete the additions was appropriate. Additionally, the Tribunal was justified in allowing the assessee's appeal based on the absence of a specific finding by the Income-tax Officer regarding the true profits. The Court upheld the Tribunal's decision, concluding that the Income-tax Officer erred in not following the correct legal principle for profit ascertainment. en-us Thu, 08 Sep 1994 00:00:00 +0530 Thu, 05 Nov 2009 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19358 The Appellate Tribunal was correct in deleting additions for the assessment years 1972-73 and 1973-74. The Tribunal found that the Income-tax Officer failed to prove that the claimed income had not accrued, and the Tribunal's decision to delete the additions was appropriate. Additionally, the Tribunal was justified in allowing the assessee's appeal based on the absence of a specific finding by the Income-tax Officer regarding the true profits. The Court upheld the Tribunal's decision, concluding that the Income-tax Officer erred in not following the correct legal principle for profit ascertainment. Case-Laws Income Tax Thu, 08 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19358