https://www.taxtmi.com/caselaws?id=182483 The tribunal upheld the rejection of books of account and application of a profit rate of 1.5% due to lack of cooperation and supporting details from the appellant. However, the disallowance of expenses and addition under section 40A(3) of the Income Tax Act was overturned in favor of the appellant based on a High Court judgment. The addition of cash credit under section 68 was upheld as the appellant failed to prove the source of the unsecured loan. The deduction claimed under section 80C for tuition fees was dismissed due to lack of evidence provided by the appellant. en-us Thu, 27 Aug 2015 00:00:00 +0530 Wed, 11 May 2016 23:00:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182483 The tribunal upheld the rejection of books of account and application of a profit rate of 1.5% due to lack of cooperation and supporting details from the appellant. However, the disallowance of expenses and addition under section 40A(3) of the Income Tax Act was overturned in favor of the appellant based on a High Court judgment. The addition of cash credit under section 68 was upheld as the appellant failed to prove the source of the unsecured loan. The deduction claimed under section 80C for tuition fees was dismissed due to lack of evidence provided by the appellant. Case-Laws Income Tax Thu, 27 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182483