https://www.taxtmi.com/caselaws?id=331610 The Tribunal partly allowed the Revenue's appeal by permitting construction expenditure of Rs. 1,67,48,172/- and disallowing Rs. 16,84,032/-. The Tribunal favored the assessee by deleting the addition of Rs. 30,00,000/- for unexplained cash components. Additionally, the Tribunal upheld the CIT(A)'s decision to delete disallowances of telephone, vehicle, and conveyance expenses while confirming the disallowance of salary payments. The penalty under Section 271(1)(c) was deleted following the removal of the Rs. 30,00,000/- addition. en-us Thu, 21 Jul 2016 00:00:00 +0530 Mon, 29 Aug 2016 11:28:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331610 The Tribunal partly allowed the Revenue's appeal by permitting construction expenditure of Rs. 1,67,48,172/- and disallowing Rs. 16,84,032/-. The Tribunal favored the assessee by deleting the addition of Rs. 30,00,000/- for unexplained cash components. Additionally, the Tribunal upheld the CIT(A)'s decision to delete disallowances of telephone, vehicle, and conveyance expenses while confirming the disallowance of salary payments. The penalty under Section 271(1)(c) was deleted following the removal of the Rs. 30,00,000/- addition. Case-Laws Income Tax Thu, 21 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331610