https://www.taxtmi.com/caselaws?id=340544 The Tribunal dismissed the AO's appeal, upholding the CIT(A)'s decisions to delete additions under section 68 for unexplained share application money and unsecured loans. The Tribunal also upheld the deletion of disallowances under section 36(1)(va) for employees' contributions to PF and ESI. It emphasized the depositors' tax compliance and the assessee's responsibility in confirming deposits, affirming that when depositors are regular taxpayers, their advances cannot be deemed unexplained. en-us Wed, 15 Feb 2017 00:00:00 +0530 Thu, 23 Mar 2017 09:09:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340544 The Tribunal dismissed the AO's appeal, upholding the CIT(A)'s decisions to delete additions under section 68 for unexplained share application money and unsecured loans. The Tribunal also upheld the deletion of disallowances under section 36(1)(va) for employees' contributions to PF and ESI. It emphasized the depositors' tax compliance and the assessee's responsibility in confirming deposits, affirming that when depositors are regular taxpayers, their advances cannot be deemed unexplained. Case-Laws Income Tax Wed, 15 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340544