https://www.taxtmi.com/caselaws?id=397104 The Tribunal upheld the CIT(A)'s decision to delete additions made by the AO regarding lease rentals and maintenance charges, disallowance under section 40A(2) of the Income Tax Act, and application of the principle of estoppel in income tax proceedings. The Tribunal found that the Revenue's arguments lacked merit as they were based on suspicion and conjecture without substantial evidence. The appeals filed by the Revenue for the assessment years 2012-13 to 2015-16 were dismissed, affirming the decisions in favor of the assessee from previous years. en-us Fri, 31 Jul 2020 00:00:00 +0530 Tue, 04 Aug 2020 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397104 The Tribunal upheld the CIT(A)'s decision to delete additions made by the AO regarding lease rentals and maintenance charges, disallowance under section 40A(2) of the Income Tax Act, and application of the principle of estoppel in income tax proceedings. The Tribunal found that the Revenue's arguments lacked merit as they were based on suspicion and conjecture without substantial evidence. The appeals filed by the Revenue for the assessment years 2012-13 to 2015-16 were dismissed, affirming the decisions in favor of the assessee from previous years. Case-Laws Income Tax Fri, 31 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397104