https://www.taxtmi.com/caselaws?id=339609 The High Court upheld the decision of the Income Tax Appellate Tribunal, dismissing the revenue's appeal and confirming the disallowance of claims made by the Assessing Officer against the assessee. The Tribunal found that the assessee had sufficient cash for lending, the unexplained cash seized was accounted for, and the afforestation charges were considered revenue expenditure. The Court determined that the orders of the lower authorities were not erroneous, finding no substantial legal questions to consider, and affirmed the decision in favor of the assessee. en-us Mon, 13 Feb 2017 00:00:00 +0530 Tue, 26 May 2026 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339609 The High Court upheld the decision of the Income Tax Appellate Tribunal, dismissing the revenue's appeal and confirming the disallowance of claims made by the Assessing Officer against the assessee. The Tribunal found that the assessee had sufficient cash for lending, the unexplained cash seized was accounted for, and the afforestation charges were considered revenue expenditure. The Court determined that the orders of the lower authorities were not erroneous, finding no substantial legal questions to consider, and affirmed the decision in favor of the assessee. Case-Laws Income Tax Mon, 13 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339609