https://www.taxtmi.com/caselaws?id=304253 The Tribunal dismissed both appeals filed by the Revenue, confirming the CIT(A)'s orders on all issues. The invocation of section 145(3) was deemed unlawful as specific defects were not identified in the books of account. Ad-hoc disallowances of expenses were deleted as they lacked concrete evidence. Addition of interest income was removed due to incorrect information provided by the bank. The CIT(A) was found to have complied with section 250(6) in addressing the issues raised. en-us Thu, 13 Dec 2012 00:00:00 +0530 Thu, 15 Sep 2022 11:26:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304253 The Tribunal dismissed both appeals filed by the Revenue, confirming the CIT(A)'s orders on all issues. The invocation of section 145(3) was deemed unlawful as specific defects were not identified in the books of account. Ad-hoc disallowances of expenses were deleted as they lacked concrete evidence. Addition of interest income was removed due to incorrect information provided by the bank. The CIT(A) was found to have complied with section 250(6) in addressing the issues raised. Case-Laws Income Tax Thu, 13 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304253