https://www.taxtmi.com/caselaws?id=419852 The Appellate Tribunal directed the Assessing Officer to rectify the order under Section 154 of the Income Tax Act, verifying the genuineness of disputed transactions and allowing a specific deduction not considered initially. The appeal by the assessee was allowed for statistical purposes, overturning the decisions of the Assessing Officer and the Commissioner of Income Tax (Appeals) regarding the treatment of trust payments and weighing machine purchase as taxable income rather than application of income. en-us Fri, 11 Mar 2022 00:00:00 +0530 Tue, 22 Mar 2022 08:59:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419852 The Appellate Tribunal directed the Assessing Officer to rectify the order under Section 154 of the Income Tax Act, verifying the genuineness of disputed transactions and allowing a specific deduction not considered initially. The appeal by the assessee was allowed for statistical purposes, overturning the decisions of the Assessing Officer and the Commissioner of Income Tax (Appeals) regarding the treatment of trust payments and weighing machine purchase as taxable income rather than application of income. Case-Laws Income Tax Fri, 11 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419852