https://www.taxtmi.com/caselaws?id=331487 The appeals by the Revenue were dismissed, and the appeals by the assessee were partly allowed. The Tribunal upheld the allowance of expenditure for unaccounted sales, disallowance of interest under section 36(i)(iii) was deleted, additions under section 2(22)(e) were not applicable, rental income was classified as income from house property, and the benefit of telescoping for unexplained income was granted to avoid double taxation. Specific directions were given for verification and appropriate classification of incomes. en-us Mon, 20 Jun 2016 00:00:00 +0530 Mon, 22 Aug 2016 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331487 The appeals by the Revenue were dismissed, and the appeals by the assessee were partly allowed. The Tribunal upheld the allowance of expenditure for unaccounted sales, disallowance of interest under section 36(i)(iii) was deleted, additions under section 2(22)(e) were not applicable, rental income was classified as income from house property, and the benefit of telescoping for unexplained income was granted to avoid double taxation. Specific directions were given for verification and appropriate classification of incomes. Case-Laws Income Tax Mon, 20 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331487