https://www.taxtmi.com/caselaws?id=341141 The tribunal partly allowed the appeal of the assessee for the assessment year 2011-12. The delay in filing the appeal before CIT(A) was condoned due to oversight by the counsel. The additions made under section 68 for unexplained cash credits were deleted as the genuineness of the transactions was established. The disallowance of interest paid on unsecured loans was also deleted. However, the disallowance of shop, car, and telephone expenses was upheld. The addition on account of low household expenses was allowed after considering all relevant withdrawals. en-us Tue, 10 Jan 2017 00:00:00 +0530 Mon, 03 Apr 2017 07:28:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341141 The tribunal partly allowed the appeal of the assessee for the assessment year 2011-12. The delay in filing the appeal before CIT(A) was condoned due to oversight by the counsel. The additions made under section 68 for unexplained cash credits were deleted as the genuineness of the transactions was established. The disallowance of interest paid on unsecured loans was also deleted. However, the disallowance of shop, car, and telephone expenses was upheld. The addition on account of low household expenses was allowed after considering all relevant withdrawals. Case-Laws Income Tax Tue, 10 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341141