https://www.taxtmi.com/caselaws?id=284316 The ITAT Raipur upheld the deletion of a Rs. 67,73,700 addition to the appellant's income by the AO, due to lower rice yield shown by the assessee. The tribunal criticized the AO for lacking concrete evidence and reasoned decision-making in justifying the addition, emphasizing the importance of natural justice and thorough consideration of submissions. Ultimately, the ITAT dismissed the appeal, confirming the deletion of the contentious amount based on the inadequacy of factual substantiation by the AO. en-us Wed, 17 Dec 2014 00:00:00 +0530 Tue, 12 Nov 2019 06:34:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284316 The ITAT Raipur upheld the deletion of a Rs. 67,73,700 addition to the appellant's income by the AO, due to lower rice yield shown by the assessee. The tribunal criticized the AO for lacking concrete evidence and reasoned decision-making in justifying the addition, emphasizing the importance of natural justice and thorough consideration of submissions. Ultimately, the ITAT dismissed the appeal, confirming the deletion of the contentious amount based on the inadequacy of factual substantiation by the AO. Case-Laws Income Tax Wed, 17 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284316