https://www.taxtmi.com/caselaws?id=402237 The High Court upheld the Tribunal's decision to remand the issues of deletion of additions related to unverified purchases from related parties, operating expenses, unverified expenses in fixed assets, and depreciation on unverified fixed assets back to the Assessing Officer for further verification. The Court emphasized the importance of specific examination of documents and the need for proper verification. The Tribunal allowed the assessee's appeal for the assessment year 2011-12, finding the ad-hoc disallowance of operating expenses unjustified. en-us Wed, 23 Dec 2020 00:00:00 +0530 Sat, 26 Dec 2020 11:41:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402237 The High Court upheld the Tribunal's decision to remand the issues of deletion of additions related to unverified purchases from related parties, operating expenses, unverified expenses in fixed assets, and depreciation on unverified fixed assets back to the Assessing Officer for further verification. The Court emphasized the importance of specific examination of documents and the need for proper verification. The Tribunal allowed the assessee's appeal for the assessment year 2011-12, finding the ad-hoc disallowance of operating expenses unjustified. Case-Laws Income Tax Wed, 23 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402237