https://www.taxtmi.com/caselaws?id=179521 The ITAT Mumbai upheld the CIT(A)'s decision to allow a reduced liability amount for the provision of construction costs in the assessment year 1989-90. It dismissed the revenue's challenge regarding the addition made under section 69 of the Income-tax Act for unexplained investment in construction, ruling in favor of the assessee due to reliable entries in the books of account. The ITAT also remanded the issue of interest not charged by the assessee back to the Assessing Officer for further examination, ultimately partially allowing the assessee's appeal and dismissing the revenue's appeal. en-us Fri, 04 Sep 1998 00:00:00 +0530 Thu, 03 Mar 2016 14:29:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179521 The ITAT Mumbai upheld the CIT(A)'s decision to allow a reduced liability amount for the provision of construction costs in the assessment year 1989-90. It dismissed the revenue's challenge regarding the addition made under section 69 of the Income-tax Act for unexplained investment in construction, ruling in favor of the assessee due to reliable entries in the books of account. The ITAT also remanded the issue of interest not charged by the assessee back to the Assessing Officer for further examination, ultimately partially allowing the assessee's appeal and dismissing the revenue's appeal. Case-Laws Income Tax Fri, 04 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179521