https://www.taxtmi.com/caselaws?id=56272 The Tribunal set aside the Appellate Authority Commissioner's order and allowed the appeal, ruling that the assessee's application under s. 154 to reduce income was unjustified due to the absence of evidence supporting the omission of deducting the purchase price. The judgment underscored the necessity of clear legal principles and evidence to substantiate claims, rather than relying on moral duties or intentions of tax authorities or the Government for relief. en-us Fri, 18 Sep 1981 00:00:00 +0530 Thu, 02 Dec 2010 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56272 The Tribunal set aside the Appellate Authority Commissioner's order and allowed the appeal, ruling that the assessee's application under s. 154 to reduce income was unjustified due to the absence of evidence supporting the omission of deducting the purchase price. The judgment underscored the necessity of clear legal principles and evidence to substantiate claims, rather than relying on moral duties or intentions of tax authorities or the Government for relief. Case-Laws Income Tax Fri, 18 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56272