https://www.taxtmi.com/caselaws?id=194754 The Tribunal ruled in favor of the appellant, partially allowing the appeal. It directed the deletion of the addition of income for the assessment year, emphasizing the need to consider only income accrued during the relevant period. The Tribunal also instructed the AO to treat the income as 'Income from business' and reevaluate expenses, highlighting the lack of justification for rejecting them. Additionally, the Tribunal deemed the addition of unexplained income under section 69A unjustified, directing its deletion due to lack of evidence and proper verification. en-us Wed, 13 Jul 2016 00:00:00 +0530 Sat, 23 Sep 2017 10:35:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194754 The Tribunal ruled in favor of the appellant, partially allowing the appeal. It directed the deletion of the addition of income for the assessment year, emphasizing the need to consider only income accrued during the relevant period. The Tribunal also instructed the AO to treat the income as 'Income from business' and reevaluate expenses, highlighting the lack of justification for rejecting them. Additionally, the Tribunal deemed the addition of unexplained income under section 69A unjustified, directing its deletion due to lack of evidence and proper verification. Case-Laws Income Tax Wed, 13 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194754