https://www.taxtmi.com/caselaws?id=345653 The Tribunal partly allowed the appeal, deleting the addition of Rs. 7.00 lacs under Section 68 of the Income Tax Act due to sufficient evidence provided by the assessee regarding the genuineness of creditors. However, the Tribunal upheld other disallowances and additions made by lower authorities, including the addition of Rs. 2.50 lacs as unexplained capital introduced and disallowances of claimed losses and various expenses. The decision was pronounced on 18/11/2016. en-us Fri, 18 Nov 2016 00:00:00 +0530 Mon, 24 Jul 2017 06:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345653 The Tribunal partly allowed the appeal, deleting the addition of Rs. 7.00 lacs under Section 68 of the Income Tax Act due to sufficient evidence provided by the assessee regarding the genuineness of creditors. However, the Tribunal upheld other disallowances and additions made by lower authorities, including the addition of Rs. 2.50 lacs as unexplained capital introduced and disallowances of claimed losses and various expenses. The decision was pronounced on 18/11/2016. Case-Laws Income Tax Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345653