https://www.taxtmi.com/caselaws?id=177240 The Tribunal upheld the addition of Rs. 5,98,82,294/- as unexplained income under sections 68 and 69 of the Income Tax Act, 1961, dismissing the assessee's contentions. The Tribunal also rejected the argument regarding the nature of the business involving accommodation entries. However, the Tribunal partially allowed the appeal on household expenses, reducing the addition from Rs. 72,000/- to Rs. 36,000/-. The order was pronounced on March 20, 2014. en-us Thu, 20 Mar 2014 00:00:00 +0530 Tue, 05 Jan 2016 22:32:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177240 The Tribunal upheld the addition of Rs. 5,98,82,294/- as unexplained income under sections 68 and 69 of the Income Tax Act, 1961, dismissing the assessee's contentions. The Tribunal also rejected the argument regarding the nature of the business involving accommodation entries. However, the Tribunal partially allowed the appeal on household expenses, reducing the addition from Rs. 72,000/- to Rs. 36,000/-. The order was pronounced on March 20, 2014. Case-Laws Income Tax Thu, 20 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177240