https://www.taxtmi.com/caselaws?id=339488 The Revenue's appeal challenging the deletion of additions for disallowed electricity expenses and unexplained cash credits was dismissed. The Tribunal upheld the CIT(A)'s decision, noting the assessee provided satisfactory explanations and documents. The deletion of the disallowance of electricity expenses was upheld due to payments made by cheque and business requirements. For the unexplained cash credits, the CIT(A) found supporting documents for ONGC credits and detailed information for individual creditors. The Tribunal affirmed the findings, emphasizing the assessee's compliance with providing necessary details. The appeal was dismissed on both grounds. en-us Tue, 21 Feb 2017 00:00:00 +0530 Tue, 28 Feb 2017 11:43:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339488 The Revenue's appeal challenging the deletion of additions for disallowed electricity expenses and unexplained cash credits was dismissed. The Tribunal upheld the CIT(A)'s decision, noting the assessee provided satisfactory explanations and documents. The deletion of the disallowance of electricity expenses was upheld due to payments made by cheque and business requirements. For the unexplained cash credits, the CIT(A) found supporting documents for ONGC credits and detailed information for individual creditors. The Tribunal affirmed the findings, emphasizing the assessee's compliance with providing necessary details. The appeal was dismissed on both grounds. Case-Laws Income Tax Tue, 21 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339488