https://www.taxtmi.com/caselaws?id=389611 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to delete the disallowance. The Tribunal found that the additions made by the AO were based on presumptions without fresh incriminating material, noting inconsistencies in the revenue's position across different assessment years. The Tribunal emphasized the need for each assessment year to be considered independently and referenced a similar case involving a sister concern where additions were deleted under identical circumstances. en-us Thu, 05 Dec 2019 00:00:00 +0530 Tue, 24 Dec 2019 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389611 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to delete the disallowance. The Tribunal found that the additions made by the AO were based on presumptions without fresh incriminating material, noting inconsistencies in the revenue's position across different assessment years. The Tribunal emphasized the need for each assessment year to be considered independently and referenced a similar case involving a sister concern where additions were deleted under identical circumstances. Case-Laws Income Tax Thu, 05 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389611