https://www.taxtmi.com/caselaws?id=184978 The Tribunal partially allowed the appeals, directing the AO to reexamine certain issues with additional evidence. The Tribunal instructed a net commission rate of 3.02% for both assessment years, reducing the taxable income. The additions on unexplained cash credits and cash withdrawals by family members were deleted as explanations were provided, confirming inapplicability of section 68 provisions. The disallowance of interest on car loan and telephone expenses was dismissed. The cases were remanded for further assessment based on the Tribunal's directions. en-us Fri, 08 Mar 2013 00:00:00 +0530 Wed, 27 Jul 2016 11:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184978 The Tribunal partially allowed the appeals, directing the AO to reexamine certain issues with additional evidence. The Tribunal instructed a net commission rate of 3.02% for both assessment years, reducing the taxable income. The additions on unexplained cash credits and cash withdrawals by family members were deleted as explanations were provided, confirming inapplicability of section 68 provisions. The disallowance of interest on car loan and telephone expenses was dismissed. The cases were remanded for further assessment based on the Tribunal's directions. Case-Laws Income Tax Fri, 08 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184978