https://www.taxtmi.com/caselaws?id=420321 The Tribunal upheld the Commissioner's decision, dismissing the department's appeal challenging the addition to income based on gross profit rate and disallowance of expenses. The Tribunal found the Assessing Officer's approach flawed, emphasizing the need for proper consideration of business operations and past assessments. It concluded that the decision was justifiable, with no grounds for interference, as it was not contrary to the evidence on record. The appeal was dismissed, affirming the Tribunal's findings as not being perverse or against the material presented. en-us Mon, 28 Mar 2022 00:00:00 +0530 Mon, 21 Nov 2022 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420321 The Tribunal upheld the Commissioner's decision, dismissing the department's appeal challenging the addition to income based on gross profit rate and disallowance of expenses. The Tribunal found the Assessing Officer's approach flawed, emphasizing the need for proper consideration of business operations and past assessments. It concluded that the decision was justifiable, with no grounds for interference, as it was not contrary to the evidence on record. The appeal was dismissed, affirming the Tribunal's findings as not being perverse or against the material presented. Case-Laws Income Tax Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420321