https://www.taxtmi.com/caselaws?id=239295 The tribunal upheld the rejection of the appellant's books of account under section 145(3) due to unaccounted payments and expenses, confirming the addition of unaccounted expenses totaling Rs.22,35,685 under section 69C. The disallowance of excessive remuneration to partners was directed for verification, following a similar precedent. The deletion of the penalty imposed for concealment of income was upheld, as the unaccounted expenses were included in the disclosed income. The tribunal partially allowed the appeal, dismissing the revenue's appeal against the penalty deletion. en-us Fri, 19 Apr 2013 00:00:00 +0530 Sun, 10 Nov 2013 07:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239295 The tribunal upheld the rejection of the appellant's books of account under section 145(3) due to unaccounted payments and expenses, confirming the addition of unaccounted expenses totaling Rs.22,35,685 under section 69C. The disallowance of excessive remuneration to partners was directed for verification, following a similar precedent. The deletion of the penalty imposed for concealment of income was upheld, as the unaccounted expenses were included in the disclosed income. The tribunal partially allowed the appeal, dismissing the revenue's appeal against the penalty deletion. Case-Laws Income Tax Fri, 19 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239295