https://www.taxtmi.com/caselaws?id=190935 The Tribunal partly allowed the appeal, deleting the additions made under section 40(a)(ia) for non-deduction of TDS and rejecting the estimation of profits at 8% in favor of the assessee. The Tribunal upheld the addition under section 68 for unexplained cash credit as the genuineness of the transaction and the capacity of the loan creditors were not proven. en-us Tue, 05 Apr 2016 00:00:00 +0530 Thu, 09 Mar 2017 21:53:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190935 The Tribunal partly allowed the appeal, deleting the additions made under section 40(a)(ia) for non-deduction of TDS and rejecting the estimation of profits at 8% in favor of the assessee. The Tribunal upheld the addition under section 68 for unexplained cash credit as the genuineness of the transaction and the capacity of the loan creditors were not proven. Case-Laws Income Tax Tue, 05 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190935