https://www.taxtmi.com/caselaws?id=430190 The ITAT allowed the appeal, overturning the CIT(A)'s decision and directing the AO to delete the addition made towards harbour expenditure. The ITAT emphasized the importance of considering all evidence presented by the assessee and concluded that the additions made were not sustainable. This ruling highlighted the significance of substantiating claims with proper documentation and the obligation of tax authorities to thoroughly review all evidence before impacting the taxpayer's liability. en-us Fri, 14 Oct 2022 00:00:00 +0530 Mon, 14 Nov 2022 09:01:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430190 The ITAT allowed the appeal, overturning the CIT(A)'s decision and directing the AO to delete the addition made towards harbour expenditure. The ITAT emphasized the importance of considering all evidence presented by the assessee and concluded that the additions made were not sustainable. This ruling highlighted the significance of substantiating claims with proper documentation and the obligation of tax authorities to thoroughly review all evidence before impacting the taxpayer's liability. Case-Laws Income Tax Fri, 14 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430190