https://www.taxtmi.com/caselaws?id=283253 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 44,29,401/- made by the AO under Section 40A(2)(b) of the Income Tax Act, 1961. The Tribunal emphasized that Section 40A(2)(b) applies to expenses, not income, and as the AO estimated the profit without questioning the expenses, the addition was deemed unjustified. The department's appeal was dismissed, citing consistent interpretation of Section 40A(2)(b) in previous judgments. en-us Fri, 13 Apr 2018 00:00:00 +0530 Mon, 16 Sep 2019 11:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283253 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 44,29,401/- made by the AO under Section 40A(2)(b) of the Income Tax Act, 1961. The Tribunal emphasized that Section 40A(2)(b) applies to expenses, not income, and as the AO estimated the profit without questioning the expenses, the addition was deemed unjustified. The department's appeal was dismissed, citing consistent interpretation of Section 40A(2)(b) in previous judgments. Case-Laws Income Tax Fri, 13 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283253