https://www.taxtmi.com/caselaws?id=192927 The Tribunal partially allowed the appeal, directing the deletion of additions for estimation of net profit and unexplained cash credits under the IT Act. The disallowance under Section 41(1) for sundry creditors was also deleted. However, the disallowance of depreciation was partially upheld, with specific directions for recalculating depreciation amounts. The Tribunal stressed the significance of maintaining proper documentation and compliance during assessment proceedings. en-us Tue, 20 Sep 2016 00:00:00 +0530 Wed, 05 Jul 2017 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192927 The Tribunal partially allowed the appeal, directing the deletion of additions for estimation of net profit and unexplained cash credits under the IT Act. The disallowance under Section 41(1) for sundry creditors was also deleted. However, the disallowance of depreciation was partially upheld, with specific directions for recalculating depreciation amounts. The Tribunal stressed the significance of maintaining proper documentation and compliance during assessment proceedings. Case-Laws Income Tax Tue, 20 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192927