https://www.taxtmi.com/caselaws?id=289192 The High Court found that the Tribunal's order, which computed the gross income of a bus owner at Rs. 1,20,000 for the assessment year 1947-48, lacked a clear and justifiable basis. The High Court emphasized the importance of transparency and clarity in tax assessments, stating that the Tribunal's decision was not legally sustainable. The judgment highlighted the significance of using transparent and justifiable methods in income tax assessments to ensure legal compliance and accuracy. en-us Wed, 28 Jan 1959 00:00:00 +0530 Sat, 18 Jul 2020 17:23:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289192 The High Court found that the Tribunal's order, which computed the gross income of a bus owner at Rs. 1,20,000 for the assessment year 1947-48, lacked a clear and justifiable basis. The High Court emphasized the importance of transparency and clarity in tax assessments, stating that the Tribunal's decision was not legally sustainable. The judgment highlighted the significance of using transparent and justifiable methods in income tax assessments to ensure legal compliance and accuracy. Case-Laws Income Tax Wed, 28 Jan 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289192