https://www.taxtmi.com/caselaws?id=394705 The Tribunal upheld the Ld. CIT(A)'s decisions in the case, dismissing the Revenue's appeal. The additions under sections 41(1) and 14A of the Income Tax Act were deleted due to lack of evidence and failure to establish a nexus. Additionally, expenses claimed without evidence were allowed, and a loss was considered admissible as it had already been factored into the income computation. The Tribunal stressed the importance of proper evidence and reasoning for making additions under the Income Tax Act. en-us Tue, 11 Feb 2020 00:00:00 +0530 Wed, 22 Apr 2020 11:07:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394705 The Tribunal upheld the Ld. CIT(A)'s decisions in the case, dismissing the Revenue's appeal. The additions under sections 41(1) and 14A of the Income Tax Act were deleted due to lack of evidence and failure to establish a nexus. Additionally, expenses claimed without evidence were allowed, and a loss was considered admissible as it had already been factored into the income computation. The Tribunal stressed the importance of proper evidence and reasoning for making additions under the Income Tax Act. Case-Laws Income Tax Tue, 11 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394705