https://www.taxtmi.com/caselaws?id=397154 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee on all grounds in the case. The ITAT directed the Assessing Officer to delete the additions and disallowances made, emphasizing the business nature of the transactions and the incorrect application of tax provisions by the revenue authorities. The appeal was allowed, overturning the decisions of the Assessing Officer and the Commissioner of Income Tax (Appeals). en-us Fri, 31 Jul 2020 00:00:00 +0530 Thu, 06 Aug 2020 16:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397154 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee on all grounds in the case. The ITAT directed the Assessing Officer to delete the additions and disallowances made, emphasizing the business nature of the transactions and the incorrect application of tax provisions by the revenue authorities. The appeal was allowed, overturning the decisions of the Assessing Officer and the Commissioner of Income Tax (Appeals). Case-Laws Income Tax Fri, 31 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397154