https://www.taxtmi.com/caselaws?id=195158 The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's appeals, providing relief on the disallowance of expenses. The additions on account of unaccounted Cull sales and unaccounted party expenses were deleted due to lack of specific evidence for the relevant assessment years. The Tribunal emphasized that additions cannot be made based on presumptions without incriminating evidence for the specific years under consideration. The disallowance of expenses as personal/non-business expenditure was reduced by the Tribunal, considering the company's inability to fully substantiate the business nature of all expenses. en-us Wed, 24 Jul 2013 00:00:00 +0530 Tue, 17 Oct 2017 11:40:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195158 The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's appeals, providing relief on the disallowance of expenses. The additions on account of unaccounted Cull sales and unaccounted party expenses were deleted due to lack of specific evidence for the relevant assessment years. The Tribunal emphasized that additions cannot be made based on presumptions without incriminating evidence for the specific years under consideration. The disallowance of expenses as personal/non-business expenditure was reduced by the Tribunal, considering the company's inability to fully substantiate the business nature of all expenses. Case-Laws Income Tax Wed, 24 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195158