Rule of consistency needs to be followed by the department

ASI Industries Ltd. Vs DCIT (ITAT Mumbai)

ITAT Mumbai held that as expenses are not specifically disputed; books of accounts admitted to be correct and payments made through banking channel, disallowing the expenses at whims and fancies is unsustainable in law. Department is required to follow the rule of consistency.

Facts-

Post search, notice u/s. 153A of the Act was issued and in response thereto assessee filed its return of income de

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