https://www.taxtmi.com/caselaws?id=351490 The Tribunal upheld the deletion of additions under Section 68 of the Income Tax Act, emphasizing the need for incriminating evidence for such additions. It also ruled in favor of the assessee regarding the validity of assessments under Section 153A, leading to the deletion of various additions made without incriminating material. Additionally, the Tribunal upheld the deletion of disallowed expenses under Sections 14A and 37(1), recognizing the business purpose behind certain expenses and providing relief to the assessee. en-us Tue, 14 Nov 2017 00:00:00 +0530 Sat, 25 Nov 2017 09:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351490 The Tribunal upheld the deletion of additions under Section 68 of the Income Tax Act, emphasizing the need for incriminating evidence for such additions. It also ruled in favor of the assessee regarding the validity of assessments under Section 153A, leading to the deletion of various additions made without incriminating material. Additionally, the Tribunal upheld the deletion of disallowed expenses under Sections 14A and 37(1), recognizing the business purpose behind certain expenses and providing relief to the assessee. Case-Laws Income Tax Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351490