https://www.taxtmi.com/caselaws?id=261391 The ITAT dismissed the appeal, upholding the CIT(A)'s orders on both issues. The judgment emphasized the importance of specific instances and legal provisions in determining the validity of expenses disallowance and the adjustment of seized cash against tax liability, ultimately ruling in favor of the assessee based on established legal principles and precedents. en-us Fri, 28 Feb 2014 00:00:00 +0530 Fri, 10 Jul 2015 06:36:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261391 The ITAT dismissed the appeal, upholding the CIT(A)'s orders on both issues. The judgment emphasized the importance of specific instances and legal provisions in determining the validity of expenses disallowance and the adjustment of seized cash against tax liability, ultimately ruling in favor of the assessee based on established legal principles and precedents. Case-Laws Income Tax Fri, 28 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261391