https://www.taxtmi.com/caselaws?id=333819 The Tribunal upheld the CIT(A)'s decision to delete additions disputed by the Department, including the deletion of an addition of Rs. 10,00,000 under section 68 of the Act for unexplained share application money, Rs. 13,89,056 on account of interest on ICD, and Rs. 32,94,678 on account of a static creditor. The Tribunal emphasized the necessity for thorough document examination by the Assessing Officer and the burden of proof to disallow legitimate business expenses. en-us Fri, 02 Sep 2016 00:00:00 +0530 Tue, 25 Oct 2016 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333819 The Tribunal upheld the CIT(A)'s decision to delete additions disputed by the Department, including the deletion of an addition of Rs. 10,00,000 under section 68 of the Act for unexplained share application money, Rs. 13,89,056 on account of interest on ICD, and Rs. 32,94,678 on account of a static creditor. The Tribunal emphasized the necessity for thorough document examination by the Assessing Officer and the burden of proof to disallow legitimate business expenses. Case-Laws Income Tax Fri, 02 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333819