https://www.taxtmi.com/caselaws?id=388266 The Tribunal allowed the appeal of the assessee, directing the deletion of the additions made by the AO and sustained by the CIT(A). The Tribunal emphasized the importance of judicial considerations and relevant material in making best judgment assessments, highlighting that arbitrary or capricious actions by the AO are not permissible. en-us Mon, 04 Nov 2019 00:00:00 +0530 Tue, 12 Nov 2019 12:27:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388266 The Tribunal allowed the appeal of the assessee, directing the deletion of the additions made by the AO and sustained by the CIT(A). The Tribunal emphasized the importance of judicial considerations and relevant material in making best judgment assessments, highlighting that arbitrary or capricious actions by the AO are not permissible. Case-Laws Income Tax Mon, 04 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388266