https://www.taxtmi.com/caselaws?id=260128 The appellate tribunal remanded the disallowance of purchases from a sister concern under sec.40A(2) for fresh consideration. The addition on account of proceeds from the sale of jewellery was upheld due to discrepancies in inheritance. An addition received from the sale of a plot was disallowed under sec. 68. The disallowance of an advance given to developers was remanded for further verification. The disallowance of interest on a car loan and personal use of car was reduced. The judgment partly allowed the appeal, addressing the charging of interest under sec. 234B and 234C. en-us Wed, 25 Mar 2015 00:00:00 +0530 Fri, 29 May 2015 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260128 The appellate tribunal remanded the disallowance of purchases from a sister concern under sec.40A(2) for fresh consideration. The addition on account of proceeds from the sale of jewellery was upheld due to discrepancies in inheritance. An addition received from the sale of a plot was disallowed under sec. 68. The disallowance of an advance given to developers was remanded for further verification. The disallowance of interest on a car loan and personal use of car was reduced. The judgment partly allowed the appeal, addressing the charging of interest under sec. 234B and 234C. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260128