https://www.taxtmi.com/caselaws?id=269712 The Tribunal upheld the disallowance of expenses including interest paid to partners, staff salary, sundry expenses, and postage/telephone charges, resulting in a higher income assessment. Additionally, the Tribunal affirmed the addition of rental receipts to the assessee's income due to a variance between declared amounts and TDS Certificates. The appeal against the CIT (Appeals) order regarding turnover difference was dismissed, as the Tribunal found the rental receipts were not received directly by the assessee. The Tribunal also upheld the charging of interest under Sections 234B, 234C, and 234D, directing the Assessing Officer to recompute if necessary. en-us Thu, 29 Oct 2015 00:00:00 +0530 Sat, 19 Dec 2015 06:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269712 The Tribunal upheld the disallowance of expenses including interest paid to partners, staff salary, sundry expenses, and postage/telephone charges, resulting in a higher income assessment. Additionally, the Tribunal affirmed the addition of rental receipts to the assessee's income due to a variance between declared amounts and TDS Certificates. The appeal against the CIT (Appeals) order regarding turnover difference was dismissed, as the Tribunal found the rental receipts were not received directly by the assessee. The Tribunal also upheld the charging of interest under Sections 234B, 234C, and 234D, directing the Assessing Officer to recompute if necessary. Case-Laws Income Tax Thu, 29 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269712