2010 (3) TMI 69

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....ed to the Reporter or not? 2. Whether the judgment should be reported in the Digest? M. M.KUMAR, J. Through this appeal filed under Section 260(A) of the Income Tax Act, 1961 (for brevity the 'Act'), the Revenue has challenged order dated 23.6.2000 passed by the Income Tax Appellate Tribunal, Chandigarh Bench-B, Chandigarh (for brevity 'Tribunal') in ITA No.409/Chandi/2009, in respect of assess....

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....best suitable to its project. The assessee-company booked expenditure on the basis of accounting principles for the first years and as per the requirement of the project for the next year. Expressing agreement with CIT(A), the Tribunal has held that the Assessing Officer was not justified in estimating the expenditure in the absence of any material on record and that the assessee could not have be....