https://www.taxtmi.com/caselaws?id=419859 The appeal filed by the Revenue was dismissed. The Tribunal upheld the CIT(A)'s decisions on all issues, emphasizing that the AO erred in not considering the cost of the building, machinery, and fittings in the cost of acquisition, disallowing payments for construction based on the non-availability of original bills, and not accepting sufficient corroborative evidence provided by the assessee. The order was pronounced in the open court on 16th March 2022. en-us Wed, 16 Mar 2022 00:00:00 +0530 Mon, 21 Mar 2022 22:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419859 The appeal filed by the Revenue was dismissed. The Tribunal upheld the CIT(A)'s decisions on all issues, emphasizing that the AO erred in not considering the cost of the building, machinery, and fittings in the cost of acquisition, disallowing payments for construction based on the non-availability of original bills, and not accepting sufficient corroborative evidence provided by the assessee. The order was pronounced in the open court on 16th March 2022. Case-Laws Income Tax Wed, 16 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419859