https://www.taxtmi.com/caselaws?id=71561 The Tribunal partially allowed the appeals from both the assessee and the revenue. It upheld the rejection of account books for the V.V. Market Project due to unaccounted payments but validated the books for civil works. The Tribunal directed a 100% and 105.78% estimation of "on money" for shops on the first and ground floors, respectively. It confirmed no addition under section 69C due to the use of "on money" for unaccounted expenditures. Cash credits were deleted for certain years, and Provident Fund liability disallowance was upheld. Directions by CIT(A) on unaccounted investment set-off were deemed beyond jurisdiction. Interest charges were deemed consequential. en-us Mon, 27 Sep 1999 00:00:00 +0530 Tue, 23 Apr 2024 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71561 The Tribunal partially allowed the appeals from both the assessee and the revenue. It upheld the rejection of account books for the V.V. Market Project due to unaccounted payments but validated the books for civil works. The Tribunal directed a 100% and 105.78% estimation of "on money" for shops on the first and ground floors, respectively. It confirmed no addition under section 69C due to the use of "on money" for unaccounted expenditures. Cash credits were deleted for certain years, and Provident Fund liability disallowance was upheld. Directions by CIT(A) on unaccounted investment set-off were deemed beyond jurisdiction. Interest charges were deemed consequential. Case-Laws Income Tax Mon, 27 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71561