https://www.taxtmi.com/caselaws?id=175421 The Tribunal dismissed the appeal regarding the disallowance of loss for the assessment year 2003-04. The additions based on on-money receipts for various plots were largely upheld with minor modifications. The income from unrecorded receipts was directed to be assessed in the hands of the firm, not the individual partners. The claim for ad-hoc unrecorded expenses was rejected, but the assessing officer was directed to re-examine the evidence. The disallowance of consultancy charges was remanded for further examination. en-us Fri, 26 Nov 2010 00:00:00 +0530 Fri, 20 Nov 2015 16:08:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175421 The Tribunal dismissed the appeal regarding the disallowance of loss for the assessment year 2003-04. The additions based on on-money receipts for various plots were largely upheld with minor modifications. The income from unrecorded receipts was directed to be assessed in the hands of the firm, not the individual partners. The claim for ad-hoc unrecorded expenses was rejected, but the assessing officer was directed to re-examine the evidence. The disallowance of consultancy charges was remanded for further examination. Case-Laws Income Tax Fri, 26 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175421