https://www.taxtmi.com/caselaws?id=346885 The Tribunal allowed the appeal, directing the deletion of additions under Section 68 of the Income Tax Act, rejection of additional evidences under Rule 46A, disallowance of rent expenditure, addition of notional income for non-disclosure of correct rental income, failure to deduct tax at source on goodwill, disallowance of stamp duty charges, and disallowance of set-off of carried forward unabsorbed depreciation. The Tribunal emphasized the importance of substantial justice and referenced judicial precedents to support its decision, ultimately ruling in favor of the assessee and overturning the AO's decisions. en-us Wed, 16 Aug 2017 00:00:00 +0530 Fri, 25 Aug 2017 06:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346885 The Tribunal allowed the appeal, directing the deletion of additions under Section 68 of the Income Tax Act, rejection of additional evidences under Rule 46A, disallowance of rent expenditure, addition of notional income for non-disclosure of correct rental income, failure to deduct tax at source on goodwill, disallowance of stamp duty charges, and disallowance of set-off of carried forward unabsorbed depreciation. The Tribunal emphasized the importance of substantial justice and referenced judicial precedents to support its decision, ultimately ruling in favor of the assessee and overturning the AO's decisions. Case-Laws Income Tax Wed, 16 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346885