Suspicion, Technicalities & Guesswork Cannot Replace Evidence: Delhi ITAT

Plasser India Pvt. Ltd. Vs JCIT (ITAT Delhi) Suspicion, Technicalities & Guesswork Cannot Replace Evidence-Delhi ITAT Demolishes Ad-Hoc Tax Additions In a comprehensive ruling involving multiple disallowances, the Delhi ITAT granted major relief to Plasser India Pvt. Ltd. and strongly disapproved arbitrary, ad-hoc and technically driven additions made by the Assessing Officer without proper inquiry or supporting material. The assessee, engaged in manufacturing and supplying railway track maintenance machines and spare parts to Indian Railways, had faced several additions including disallow...