https://www.taxtmi.com/caselaws?id=212530 The Tribunal dismissed the Revenue's appeal and the assessee's Cross Objection, upholding the CIT(A)'s findings on all contested issues, including deletion of additions for unexplained investment in excess stock of wheat, low withdrawals for household expenses, excess cash found during survey, disallowances under Section 40A(3) for payments, freight expenses, interest on advance, and partial disallowance of interest paid on a loan from a related party. The judgment stressed the importance of providing credible evidence and justification for additions and disallowances under the Income-tax Act. en-us Mon, 14 Nov 2011 00:00:00 +0530 Wed, 21 Nov 2012 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212530 The Tribunal dismissed the Revenue's appeal and the assessee's Cross Objection, upholding the CIT(A)'s findings on all contested issues, including deletion of additions for unexplained investment in excess stock of wheat, low withdrawals for household expenses, excess cash found during survey, disallowances under Section 40A(3) for payments, freight expenses, interest on advance, and partial disallowance of interest paid on a loan from a related party. The judgment stressed the importance of providing credible evidence and justification for additions and disallowances under the Income-tax Act. Case-Laws Income Tax Mon, 14 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212530