https://www.taxtmi.com/caselaws?id=426972 The Tribunal allowed the Revenue's appeal, overturning the CIT(A)'s decision and sustaining the addition made by the Assessing Officer for the assessment year 2014-15. The Tribunal found the expenses claimed by the assessee to be ineligible, as the liquor license was in the name of an individual with no taxable income, and the assessee violated licensing regulations by using a dummy bidder. Consequently, the addition made by the Assessing Officer was upheld, and the Revenue's appeal was successful. en-us Tue, 02 Aug 2022 00:00:00 +0530 Tue, 30 Aug 2022 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426972 The Tribunal allowed the Revenue's appeal, overturning the CIT(A)'s decision and sustaining the addition made by the Assessing Officer for the assessment year 2014-15. The Tribunal found the expenses claimed by the assessee to be ineligible, as the liquor license was in the name of an individual with no taxable income, and the assessee violated licensing regulations by using a dummy bidder. Consequently, the addition made by the Assessing Officer was upheld, and the Revenue's appeal was successful. Case-Laws Income Tax Tue, 02 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426972