https://www.taxtmi.com/caselaws?id=335467 The appeal was partly allowed by the Tribunal. The delay in filing the appeal was condoned with a cost imposed on the assessee. The adhoc disallowance of expenses was reduced from 5% to a fixed amount of Rs. 1 lakh. Additionally, the Tribunal directed the Assessing Officer to delete the addition related to the advance of Rs. 3 lakhs received against the sale of property, as it was returned to the buyer. en-us Wed, 30 Nov 2016 00:00:00 +0530 Fri, 02 Dec 2016 21:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335467 The appeal was partly allowed by the Tribunal. The delay in filing the appeal was condoned with a cost imposed on the assessee. The adhoc disallowance of expenses was reduced from 5% to a fixed amount of Rs. 1 lakh. Additionally, the Tribunal directed the Assessing Officer to delete the addition related to the advance of Rs. 3 lakhs received against the sale of property, as it was returned to the buyer. Case-Laws Income Tax Wed, 30 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335467