https://www.taxtmi.com/caselaws?id=59826 The Tribunal largely upheld the CIT(A)'s decisions, recognizing most expenses as necessary for business operations and consistent with past practices. It directed the Assessing Officer to verify and recalculate specific disallowances under legal provisions. The judgment underscored the significance of evidence and consistency in accounting, favoring the assessee in many instances. en-us Fri, 07 Sep 2007 00:00:00 +0530 Mon, 26 Feb 2024 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59826 The Tribunal largely upheld the CIT(A)'s decisions, recognizing most expenses as necessary for business operations and consistent with past practices. It directed the Assessing Officer to verify and recalculate specific disallowances under legal provisions. The judgment underscored the significance of evidence and consistency in accounting, favoring the assessee in many instances. Case-Laws Income Tax Fri, 07 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59826