https://www.taxtmi.com/caselaws?id=338980 The Tribunal upheld the CIT(A)'s decision to restrict the addition on account of unsecured loans, confirming the addition of Rs. 9,00,000 due to insufficient creditworthiness. The deletion of the addition based on a difference in 26AS statement and books of account was upheld, as the assessee provided evidence of TDS deductions. The rejection of books of accounts under section 145(3) was not addressed further as the cross-objection was not pressed. The disallowance of labor charges was sustained, with the Tribunal dismissing the appeal due to lack of evidence appreciation. Both Revenue and assessee appeals were dismissed. en-us Thu, 22 Dec 2016 00:00:00 +0530 Thu, 16 Feb 2017 08:16:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338980 The Tribunal upheld the CIT(A)'s decision to restrict the addition on account of unsecured loans, confirming the addition of Rs. 9,00,000 due to insufficient creditworthiness. The deletion of the addition based on a difference in 26AS statement and books of account was upheld, as the assessee provided evidence of TDS deductions. The rejection of books of accounts under section 145(3) was not addressed further as the cross-objection was not pressed. The disallowance of labor charges was sustained, with the Tribunal dismissing the appeal due to lack of evidence appreciation. Both Revenue and assessee appeals were dismissed. Case-Laws Income Tax Thu, 22 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338980