https://www.taxtmi.com/caselaws?id=410443 The tribunal allowed the assessee's appeals for A.Y. 2008-09 to A.Y. 2011-12, setting aside the Pr. CIT's orders under Section 263 and restoring the A.O's assessment orders. The tribunal concluded that the Pr. CIT's revision was not justified as the A.O had taken a possible view supported by judicial precedents. Once income is estimated, separate disallowances of expenses debited in rejected books cannot be made, as it would distort the assessment. The delay in filing the appeal was condoned due to genuine reasons. en-us Tue, 20 Jul 2021 00:00:00 +0530 Mon, 02 Aug 2021 09:04:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410443 The tribunal allowed the assessee's appeals for A.Y. 2008-09 to A.Y. 2011-12, setting aside the Pr. CIT's orders under Section 263 and restoring the A.O's assessment orders. The tribunal concluded that the Pr. CIT's revision was not justified as the A.O had taken a possible view supported by judicial precedents. Once income is estimated, separate disallowances of expenses debited in rejected books cannot be made, as it would distort the assessment. The delay in filing the appeal was condoned due to genuine reasons. Case-Laws Income Tax Tue, 20 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410443