https://www.taxtmi.com/caselaws?id=258886 The Tribunal upheld the deletion of additions made by the Assessing Officer (A.O.) on account of undisclosed income from suppressed turnover for most years, except for A.Y. 2008-2009 where a partial addition was directed due to a discrepancy. The Tribunal also supported the deletion of additions towards inflation of expenditure, limiting the disallowance to 5% for unverifiable elements. Additionally, the Tribunal upheld the deletion of additions related to expenditure on foreign trips for some years and directed the addition of Rs. 20 lakhs on account of income surrendered during the search for A.Y. 2008-2009. en-us Fri, 27 Mar 2015 00:00:00 +0530 Thu, 23 Apr 2015 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258886 The Tribunal upheld the deletion of additions made by the Assessing Officer (A.O.) on account of undisclosed income from suppressed turnover for most years, except for A.Y. 2008-2009 where a partial addition was directed due to a discrepancy. The Tribunal also supported the deletion of additions towards inflation of expenditure, limiting the disallowance to 5% for unverifiable elements. Additionally, the Tribunal upheld the deletion of additions related to expenditure on foreign trips for some years and directed the addition of Rs. 20 lakhs on account of income surrendered during the search for A.Y. 2008-2009. Case-Laws Income Tax Fri, 27 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258886