https://www.taxtmi.com/caselaws?id=170730 The Tribunal confirmed the addition of Rs. 4,53,560 to the assessee's income, rejecting the explanation of advances by partners as an afterthought due to discrepancies in accounting entries. Despite affidavits confirming the advances and repayments, the lack of documentary evidence and proper accounting led to upholding the addition. The Tribunal agreed with the Assessing Officer and Commissioner, dismissing the appeal and emphasizing the inadequacy of explanations provided by the assessee. en-us Fri, 04 Jul 2014 00:00:00 +0530 Tue, 17 Mar 2015 10:48:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170730 The Tribunal confirmed the addition of Rs. 4,53,560 to the assessee's income, rejecting the explanation of advances by partners as an afterthought due to discrepancies in accounting entries. Despite affidavits confirming the advances and repayments, the lack of documentary evidence and proper accounting led to upholding the addition. The Tribunal agreed with the Assessing Officer and Commissioner, dismissing the appeal and emphasizing the inadequacy of explanations provided by the assessee. Case-Laws Income Tax Fri, 04 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170730