https://www.taxtmi.com/caselaws?id=215442 The Tribunal upheld the CIT(A)'s decision to assess the total income at Rs. 60,85,200/- instead of Rs. 1,57,94,180/- as determined by the AO. Both the appeals of the assessee and the Revenue were dismissed. The Tribunal confirmed the status of the appellant as an AOP, upheld the disallowance of remuneration and interest to partners, allowed the expenditure on tools, Auzar, and Tagari as revenue expenditure, and partially upheld the additions for unexplained deposits and source of capital. en-us Wed, 20 Jun 2012 00:00:00 +0530 Fri, 03 Aug 2012 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215442 The Tribunal upheld the CIT(A)'s decision to assess the total income at Rs. 60,85,200/- instead of Rs. 1,57,94,180/- as determined by the AO. Both the appeals of the assessee and the Revenue were dismissed. The Tribunal confirmed the status of the appellant as an AOP, upheld the disallowance of remuneration and interest to partners, allowed the expenditure on tools, Auzar, and Tagari as revenue expenditure, and partially upheld the additions for unexplained deposits and source of capital. Case-Laws Income Tax Wed, 20 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215442