https://www.taxtmi.com/caselaws?id=212603 The Tribunal ruled in favor of the assessee in a case involving the validity of an order passed under Section 255(4) of the Income Tax Act, addition under Section 68 for cash credit, and disallowance of payments for reimbursement of expenses. The majority opinion held that the order proposed by the Accountant Member was invalid, additions under Section 68 were deleted as the assessee proved the cash credit, and disallowances for reimbursement of expenses were also deleted as they were not claimed as deductions in the Profit & Loss account. en-us Fri, 30 Mar 2012 00:00:00 +0530 Thu, 23 May 2013 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212603 The Tribunal ruled in favor of the assessee in a case involving the validity of an order passed under Section 255(4) of the Income Tax Act, addition under Section 68 for cash credit, and disallowance of payments for reimbursement of expenses. The majority opinion held that the order proposed by the Accountant Member was invalid, additions under Section 68 were deleted as the assessee proved the cash credit, and disallowances for reimbursement of expenses were also deleted as they were not claimed as deductions in the Profit & Loss account. Case-Laws Income Tax Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212603