https://www.taxtmi.com/caselaws?id=338702 The revenue's appeal was dismissed, and the decisions of the CIT(A) were upheld in a case involving disallowance of on-money for land purchase, unexplained expenditure, and disallowance under section 14A read with Rule 8D. The Tribunal found that the Assessing Officer's conclusions lacked evidence and the disallowances were unjustified. The Tribunal directed that any additions should be made in the hands of the relevant parties, not the assessee. en-us Fri, 03 Feb 2017 00:00:00 +0530 Thu, 09 Feb 2017 13:05:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338702 The revenue's appeal was dismissed, and the decisions of the CIT(A) were upheld in a case involving disallowance of on-money for land purchase, unexplained expenditure, and disallowance under section 14A read with Rule 8D. The Tribunal found that the Assessing Officer's conclusions lacked evidence and the disallowances were unjustified. The Tribunal directed that any additions should be made in the hands of the relevant parties, not the assessee. Case-Laws Income Tax Fri, 03 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338702