https://www.taxtmi.com/caselaws?id=266436 The tribunal partially allowed the appeal, upholding certain aspects of the CIT(A)'s order regarding the addition of unexplained credit under section 68 of the Income Tax Act and the ad-hoc disallowance of expenses. The tribunal directed a fresh assessment on the unexplained credit issue, considering the arguments presented by the appellant, assessment by the AO, and findings of the CIT(A). The decision was based on detailed analysis and resulted in confirming the disallowance of a specific amount as expenses, while partially allowing the appeal for statistical purposes. en-us Wed, 09 Sep 2015 00:00:00 +0530 Tue, 20 Oct 2015 07:49:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266436 The tribunal partially allowed the appeal, upholding certain aspects of the CIT(A)'s order regarding the addition of unexplained credit under section 68 of the Income Tax Act and the ad-hoc disallowance of expenses. The tribunal directed a fresh assessment on the unexplained credit issue, considering the arguments presented by the appellant, assessment by the AO, and findings of the CIT(A). The decision was based on detailed analysis and resulted in confirming the disallowance of a specific amount as expenses, while partially allowing the appeal for statistical purposes. Case-Laws Income Tax Wed, 09 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266436