https://www.taxtmi.com/caselaws?id=326746 The judgment upheld the validity of the assessment under sections 147/144 of the Income Tax Act, 1961, while setting aside additions related to gifts and commission due to lack of cross-examination opportunity. The court deleted the addition of &8377; 4,73,000/- as the appellant explained the cash credits, ruled in favor of the appellant on the addition under section 41(1), and allowed legitimate business expenses for interest disallowance. The appeal was partly allowed for statistical purposes. en-us Mon, 29 Feb 2016 00:00:00 +0530 Wed, 20 Apr 2016 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326746 The judgment upheld the validity of the assessment under sections 147/144 of the Income Tax Act, 1961, while setting aside additions related to gifts and commission due to lack of cross-examination opportunity. The court deleted the addition of &8377; 4,73,000/- as the appellant explained the cash credits, ruled in favor of the appellant on the addition under section 41(1), and allowed legitimate business expenses for interest disallowance. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326746