https://www.taxtmi.com/caselaws?id=249419 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decisions to delete additions made on account of freight charges and undisclosed receipts. The Tribunal confirmed that the assessee met the necessary conditions to be excluded from disallowance under Section 40(a)(ia) of the Income Tax Act for freight charges. Additionally, it agreed that only the income component from the undisclosed receipts should be treated as undisclosed income, resulting in partial additions. The Tribunal dismissed both the Revenue's appeals and the assessee's cross objections, affirming the CIT(A)'s decisions. en-us Fri, 30 May 2014 00:00:00 +0530 Mon, 14 Jul 2014 09:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249419 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decisions to delete additions made on account of freight charges and undisclosed receipts. The Tribunal confirmed that the assessee met the necessary conditions to be excluded from disallowance under Section 40(a)(ia) of the Income Tax Act for freight charges. Additionally, it agreed that only the income component from the undisclosed receipts should be treated as undisclosed income, resulting in partial additions. The Tribunal dismissed both the Revenue's appeals and the assessee's cross objections, affirming the CIT(A)'s decisions. Case-Laws Income Tax Fri, 30 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249419