https://www.taxtmi.com/caselaws?id=255407 The appeal against the disallowance of unaccounted business expenditure on repairs and renovation of a factory shed was dismissed. The addition of income amounting to Rs. 39,882 was deleted. The addition of Rs. 35,72,885 on account of low gross profit was dismissed. The disallowance of Rs. 2,60,385 under the head 'Brokerage' to its sister concern was remanded for fresh adjudication. The penalty of Rs. 5,23,210 was deleted. en-us Fri, 31 Oct 2014 00:00:00 +0530 Fri, 16 Jan 2015 08:13:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255407 The appeal against the disallowance of unaccounted business expenditure on repairs and renovation of a factory shed was dismissed. The addition of income amounting to Rs. 39,882 was deleted. The addition of Rs. 35,72,885 on account of low gross profit was dismissed. The disallowance of Rs. 2,60,385 under the head 'Brokerage' to its sister concern was remanded for fresh adjudication. The penalty of Rs. 5,23,210 was deleted. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255407