https://www.taxtmi.com/caselaws?id=248695 The ITAT ruled in favor of the assessee regarding the addition of unaccounted income as expenses, finding the expenses reasonable and allowable. However, the addition of unexplained cash credit was upheld due to insufficient evidence provided by the assessee. The appeal was partly allowed by the ITAT, maintaining the CIT(A)'s decision on the second issue while overturning the addition of unaccounted income as expenses. en-us Fri, 30 May 2014 00:00:00 +0530 Sat, 21 Jun 2014 08:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248695 The ITAT ruled in favor of the assessee regarding the addition of unaccounted income as expenses, finding the expenses reasonable and allowable. However, the addition of unexplained cash credit was upheld due to insufficient evidence provided by the assessee. The appeal was partly allowed by the ITAT, maintaining the CIT(A)'s decision on the second issue while overturning the addition of unaccounted income as expenses. Case-Laws Income Tax Fri, 30 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248695