https://www.taxtmi.com/caselaws?id=326129 The tribunal partly allowed the assessee's appeals, restoring several matters to the Assessing Officer for fresh adjudication with specific directions. The tribunal confirmed additions for unexplained income from foreign companies, money in UBS AG, Zurich, gifts, lifestyle expenses, expenditure on horses, cash deposits, loan repayments, investments in properties and vehicles, and transfer instructions. The tribunal also upheld the disallowance of loss on horse betting and additional income declared before the Settlement Commission. The challenge to the interest charge under sections 234A/B was dismissed. en-us Mon, 29 Feb 2016 00:00:00 +0530 Thu, 07 Apr 2016 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326129 The tribunal partly allowed the assessee's appeals, restoring several matters to the Assessing Officer for fresh adjudication with specific directions. The tribunal confirmed additions for unexplained income from foreign companies, money in UBS AG, Zurich, gifts, lifestyle expenses, expenditure on horses, cash deposits, loan repayments, investments in properties and vehicles, and transfer instructions. The tribunal also upheld the disallowance of loss on horse betting and additional income declared before the Settlement Commission. The challenge to the interest charge under sections 234A/B was dismissed. Case-Laws Income Tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326129