https://www.taxtmi.com/caselaws?id=214529 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decisions in a tax case. The addition made under Section 69 of the Income Tax Act was deleted as the assessee provided satisfactory explanations and evidence regarding the investment. Additionally, preliminary and establishment expenses were allowed as the business had commenced within the relevant financial year, following the Delhi High Court's precedent. The Tribunal dismissed the Revenue's appeal, affirming the decisions on both issues. en-us Thu, 31 May 2012 00:00:00 +0530 Fri, 20 Nov 2015 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214529 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decisions in a tax case. The addition made under Section 69 of the Income Tax Act was deleted as the assessee provided satisfactory explanations and evidence regarding the investment. Additionally, preliminary and establishment expenses were allowed as the business had commenced within the relevant financial year, following the Delhi High Court's precedent. The Tribunal dismissed the Revenue's appeal, affirming the decisions on both issues. Case-Laws Income Tax Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214529