https://www.taxtmi.com/caselaws?id=770891 The SC/Tribunal ruled in favor of the taxpayer, setting aside additions made by the Assessing Officer under section 144 of the Income Tax Act. The court found the additions were unjustified due to incorrect factual recording, failure to issue mandatory section 143(2) notice, and arbitrary assessment without proper consideration of submitted documentary evidence. The 8% turnover addition was deleted, affirming procedural compliance by the assessee. en-us Wed, 30 Apr 2025 00:00:00 +0530 Sat, 17 May 2025 08:39:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770891 The SC/Tribunal ruled in favor of the taxpayer, setting aside additions made by the Assessing Officer under section 144 of the Income Tax Act. The court found the additions were unjustified due to incorrect factual recording, failure to issue mandatory section 143(2) notice, and arbitrary assessment without proper consideration of submitted documentary evidence. The 8% turnover addition was deleted, affirming procedural compliance by the assessee. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770891