https://www.taxtmi.com/caselaws?id=302644 The Tribunal ruled against the Assessing Officer in both instances, upholding the decisions of the First Appellate Authority regarding the disallowance of material and labour/contingency expenses. The Tribunal emphasized the importance of proper reasoning and evidence, stating that additions cannot be made without justification or concrete proof against the assessee. The Tribunal highlighted that tax liabilities cannot be imposed based on estimation alone and confirmed that the Assessing Officer's actions were unjustified. en-us Tue, 16 Dec 2014 00:00:00 +0530 Thu, 09 Jun 2022 19:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302644 The Tribunal ruled against the Assessing Officer in both instances, upholding the decisions of the First Appellate Authority regarding the disallowance of material and labour/contingency expenses. The Tribunal emphasized the importance of proper reasoning and evidence, stating that additions cannot be made without justification or concrete proof against the assessee. The Tribunal highlighted that tax liabilities cannot be imposed based on estimation alone and confirmed that the Assessing Officer's actions were unjustified. Case-Laws Income Tax Tue, 16 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302644