https://www.taxtmi.com/caselaws?id=272304 The tribunal partly allowed the appeal, upholding additions under Sections 41(1) and 68 but reducing the ad-hoc disallowance of expenditure to Rs. 5,000. The additions for cessation of liability and unexplained cash credits were confirmed due to lack of evidence provided by the assessee, while the disallowance of expenditure was reduced considering it to be on the higher side. The decision was pronounced on 12th February 2016 in Ahmedabad. en-us Fri, 12 Feb 2016 00:00:00 +0530 Fri, 04 Mar 2016 11:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272304 The tribunal partly allowed the appeal, upholding additions under Sections 41(1) and 68 but reducing the ad-hoc disallowance of expenditure to Rs. 5,000. The additions for cessation of liability and unexplained cash credits were confirmed due to lack of evidence provided by the assessee, while the disallowance of expenditure was reduced considering it to be on the higher side. The decision was pronounced on 12th February 2016 in Ahmedabad. Case-Laws Income Tax Fri, 12 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272304