https://www.taxtmi.com/caselaws?id=345312 The tribunal partially allowed the appeals, condoning the delay in filing, adjusting the addition on house construction based on state PWD rates, and reducing administrative expense disallowance. The tribunal directed verification of interest on FDR and valuation of gold and silver based on prevailing rates. Unexplained cash in the bank locker was upheld but allowed for adjustments. The judgments stressed reasonable cause, proper valuation methods, and evidence-based disallowances. en-us Wed, 08 Mar 2017 00:00:00 +0530 Thu, 13 Jul 2017 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345312 The tribunal partially allowed the appeals, condoning the delay in filing, adjusting the addition on house construction based on state PWD rates, and reducing administrative expense disallowance. The tribunal directed verification of interest on FDR and valuation of gold and silver based on prevailing rates. Unexplained cash in the bank locker was upheld but allowed for adjustments. The judgments stressed reasonable cause, proper valuation methods, and evidence-based disallowances. Case-Laws Income Tax Wed, 08 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345312