https://www.taxtmi.com/caselaws?id=216383 The Appellate Tribunal reversed the CIT(A)'s decision on the deletion of additions for lorry hire charges and sundry creditors, emphasizing the need for proper explanation and proof of credits. Additionally, the Tribunal upheld the deletion of the net profit rate addition and various expenses, except for minor disallowances related to personal use. The Tribunal's decision provided clarity on the burden of proof for credits and the adequacy of evidence for expense deductions. en-us Mon, 23 Jul 2012 00:00:00 +0530 Fri, 07 Sep 2012 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216383 The Appellate Tribunal reversed the CIT(A)'s decision on the deletion of additions for lorry hire charges and sundry creditors, emphasizing the need for proper explanation and proof of credits. Additionally, the Tribunal upheld the deletion of the net profit rate addition and various expenses, except for minor disallowances related to personal use. The Tribunal's decision provided clarity on the burden of proof for credits and the adequacy of evidence for expense deductions. Case-Laws Income Tax Mon, 23 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216383