https://www.taxtmi.com/caselaws?id=25031 The High Court upheld the Tribunal's decision, finding no grounds for interference. It concluded that the deductions made by the Tribunal were valid, including the exclusion of certain items, and that the Income-tax Officer's additions did not represent commercial profit. The Court relied on legal principles and past judgments to rule against the Revenue, favoring the assessee. The judgment was unanimous, with no costs awarded. en-us Thu, 20 Feb 1986 00:00:00 +0530 Mon, 25 Jan 2010 10:11:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25031 The High Court upheld the Tribunal's decision, finding no grounds for interference. It concluded that the deductions made by the Tribunal were valid, including the exclusion of certain items, and that the Income-tax Officer's additions did not represent commercial profit. The Court relied on legal principles and past judgments to rule against the Revenue, favoring the assessee. The judgment was unanimous, with no costs awarded. Case-Laws Income Tax Thu, 20 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25031