https://www.taxtmi.com/caselaws?id=257036 The tribunal partly allowed the appeal, confirming the addition under section 68 of the Income Tax Act for 21 parties due to lack of evidence on genuineness of transactions. However, the addition was deleted for one party where the transaction was substantiated. The tribunal also reduced the disallowance of motor car and telephone expenses from 20% to 10% due to insufficient records provided by the assessee. en-us Thu, 12 Feb 2015 00:00:00 +0530 Wed, 25 Feb 2015 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257036 The tribunal partly allowed the appeal, confirming the addition under section 68 of the Income Tax Act for 21 parties due to lack of evidence on genuineness of transactions. However, the addition was deleted for one party where the transaction was substantiated. The tribunal also reduced the disallowance of motor car and telephone expenses from 20% to 10% due to insufficient records provided by the assessee. Case-Laws Income Tax Thu, 12 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257036