https://www.taxtmi.com/caselaws?id=271912 The Tribunal partly allowed the Revenue's appeal by modifying the disallowance on car depreciation but upheld the CIT(A)'s decisions on other issues, including unexplained deposits in the capital account, unverifiable unsecured loans, and disallowable interest on delayed TDS payment. The Tribunal found the assessee had adequately explained transactions and creditors' creditworthiness. The AO's failure to verify evidence and lack of effort were noted, leading to deletions of additions. The Tribunal pronounced the order in open court. en-us Wed, 03 Feb 2016 00:00:00 +0530 Mon, 25 Jul 2016 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271912 The Tribunal partly allowed the Revenue's appeal by modifying the disallowance on car depreciation but upheld the CIT(A)'s decisions on other issues, including unexplained deposits in the capital account, unverifiable unsecured loans, and disallowable interest on delayed TDS payment. The Tribunal found the assessee had adequately explained transactions and creditors' creditworthiness. The AO's failure to verify evidence and lack of effort were noted, leading to deletions of additions. The Tribunal pronounced the order in open court. Case-Laws Income Tax Wed, 03 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271912