https://www.taxtmi.com/caselaws?id=347552 The tribunal partially allowed the appeal, confirming only 1/3 share of Rs. 41,13,000 under section 69 of the Income Tax Act for tenancy rights. The disallowance of interest paid amounting to Rs. 3,34,000 was upheld, as well as the addition of personal expenses of Rs. 2,00,000 due to insufficient justification. The tribunal supported the decisions of the CIT(A) on all issues, ruling against the assessee. The order was pronounced on 29.08.2017. en-us Tue, 29 Aug 2017 00:00:00 +0530 Wed, 06 Sep 2017 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347552 The tribunal partially allowed the appeal, confirming only 1/3 share of Rs. 41,13,000 under section 69 of the Income Tax Act for tenancy rights. The disallowance of interest paid amounting to Rs. 3,34,000 was upheld, as well as the addition of personal expenses of Rs. 2,00,000 due to insufficient justification. The tribunal supported the decisions of the CIT(A) on all issues, ruling against the assessee. The order was pronounced on 29.08.2017. Case-Laws Income Tax Tue, 29 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347552