https://www.taxtmi.com/caselaws?id=185660 The Tribunal upheld the disallowance of unsupported expenses for Carting and Labour charges, making a modification to the Ld CIT(A)'s order by allowing a reduced disallowance of &8377; 25,000. Regarding the addition of unexplained gifts under sec. 68, the Tribunal confirmed the addition related to one gift lacking proof of creditworthiness, remanding others for further evidence submission. The appeal of the revenue was partly allowed, and the cross objection of the assessee was dismissed. en-us Tue, 24 Jan 2012 00:00:00 +0530 Tue, 23 Aug 2016 11:37:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185660 The Tribunal upheld the disallowance of unsupported expenses for Carting and Labour charges, making a modification to the Ld CIT(A)'s order by allowing a reduced disallowance of &8377; 25,000. Regarding the addition of unexplained gifts under sec. 68, the Tribunal confirmed the addition related to one gift lacking proof of creditworthiness, remanding others for further evidence submission. The appeal of the revenue was partly allowed, and the cross objection of the assessee was dismissed. Case-Laws Income Tax Tue, 24 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185660