Reasoned outcome based on analysis of material prevails when two contradictory outcomes are delivered

Prem Kumar Chopra Vs ACIT (Delhi High Court) Delhi High Court held that when two contradictory final outcomes is delivered vide two different orders, the reasoned outcome based on analysis of material prevails over outcome without an iota of reason. Facts- The petitioner, a senior citizen, being the proprietor of M/s Chopra Brothers is an authorized dealer for Kirloskar Electric Motors and is engaged in trading of industrial electric motors, mono-block pumps and generator sets etc. For the A.Y. 2015-16, petitioner filed return of his income, declaring the same to be Rs. 19,94,970/-, which was ...