https://www.taxtmi.com/caselaws?id=254295 The High Court upheld the additions made by the Assessing Officer in the case. The Court affirmed the addition of Rs. 1,00,000 towards estimated inflation of labour charges, emphasizing the lack of evidence to support the genuineness of the claimed expenditure. Additionally, the Court upheld the acceptance of the additions at the time of assessment, dismissing the appellant's argument against it. Furthermore, the Court confirmed the addition of Rs. 3,14,800 under Section 68 of the Income Tax Act for unproved cash credits, as the appellant failed to establish the creditworthiness of certain lenders. en-us Mon, 01 Dec 2014 00:00:00 +0530 Thu, 18 Dec 2014 06:10:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254295 The High Court upheld the additions made by the Assessing Officer in the case. The Court affirmed the addition of Rs. 1,00,000 towards estimated inflation of labour charges, emphasizing the lack of evidence to support the genuineness of the claimed expenditure. Additionally, the Court upheld the acceptance of the additions at the time of assessment, dismissing the appellant's argument against it. Furthermore, the Court confirmed the addition of Rs. 3,14,800 under Section 68 of the Income Tax Act for unproved cash credits, as the appellant failed to establish the creditworthiness of certain lenders. Case-Laws Income Tax Mon, 01 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254295