https://www.taxtmi.com/caselaws?id=340797 The ITAT Ahmedabad partly allowed the appeal by deleting the addition made on account of low Gross Profit as the fall in profit was not adequately explained. However, the additions related to personal use of electricity by a partner of the firm and the disallowance of general expenses were confirmed. The tribunal stressed the need for sufficient explanations and evidence in tax assessments to prevent such additions and disallowances. en-us Fri, 10 Mar 2017 00:00:00 +0530 Tue, 28 Mar 2017 06:46:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340797 The ITAT Ahmedabad partly allowed the appeal by deleting the addition made on account of low Gross Profit as the fall in profit was not adequately explained. However, the additions related to personal use of electricity by a partner of the firm and the disallowance of general expenses were confirmed. The tribunal stressed the need for sufficient explanations and evidence in tax assessments to prevent such additions and disallowances. Case-Laws Income Tax Fri, 10 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340797