https://www.taxtmi.com/caselaws?id=288632 The tribunal allowed the revenue's appeal concerning the addition of an undisclosed sale amount and the disallowance of inadmissible expenses for the Assessment Year 2008-09. The tribunal set aside both issues for fresh examination, directing the assessee to provide necessary details for proper verification by the Assessing Officer. The decision underscored the significance of furnishing complete information during assessments to prevent arbitrary estimations and ensure fair tax assessments. It emphasized the importance of thorough examination and verification of claims to uphold the principles of tax assessment and fairness in legal proceedings. en-us Mon, 16 Oct 2017 00:00:00 +0530 Sat, 20 Jun 2020 06:03:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288632 The tribunal allowed the revenue's appeal concerning the addition of an undisclosed sale amount and the disallowance of inadmissible expenses for the Assessment Year 2008-09. The tribunal set aside both issues for fresh examination, directing the assessee to provide necessary details for proper verification by the Assessing Officer. The decision underscored the significance of furnishing complete information during assessments to prevent arbitrary estimations and ensure fair tax assessments. It emphasized the importance of thorough examination and verification of claims to uphold the principles of tax assessment and fairness in legal proceedings. Case-Laws Income Tax Mon, 16 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288632