https://www.taxtmi.com/caselaws?id=63041 The Tribunal partially allowed the appeal, upholding the addition of Rs. 4,38,284 under section 68 of the Income-tax Act as justified due to unexplained cash receipts related to the business transactions. However, the ad hoc disallowance of Rs. 20,000 was deleted as the expenses were adequately recorded. The levy of interest under section 217 was considered consequential and subject to recalculation based on the final assessment order. en-us Wed, 30 Jun 2004 00:00:00 +0530 Thu, 27 Jan 2011 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63041 The Tribunal partially allowed the appeal, upholding the addition of Rs. 4,38,284 under section 68 of the Income-tax Act as justified due to unexplained cash receipts related to the business transactions. However, the ad hoc disallowance of Rs. 20,000 was deleted as the expenses were adequately recorded. The levy of interest under section 217 was considered consequential and subject to recalculation based on the final assessment order. Case-Laws Income Tax Wed, 30 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63041