Technical Win for Revenue, Substance Win for Taxpayer: ITAT Restores Deductions on Merits

ACIT Vs AMR India Limited (ITAT Hyderabad) Abatement Helps Revenue, But Evidence Saves Assessee – ITAT Deletes Additions on Merits- Technical Win for Revenue, Ultimate Victory for Assessee – ITAT Restores All Deductions- Statements Without Cross-Examination Are Legally Worthless This case beautifully illustrates how, even in search assessments, the Revenue cannot bypass evidence & natural justice. Assessee was subjected to a search, & proceedings u/s 153A were initiated for AYs 2017-18 & 2018-19. CIT(A) had deleted the additions by applying the Supreme Court’s landmark decisi...