https://www.taxtmi.com/caselaws?id=352466 The ITAT partially allowed the assessee's appeal by reducing the disallowed amount for unverified expenses from Rs. 100,000 to Rs. 50,000. Additionally, the ITAT remanded the issue of the Rs. 1,00,000 loan addition under section 68 of the Income-tax Act back to the AO for further examination, granting the assessee an opportunity to present evidence regarding the source and nature of the funds. en-us Fri, 05 May 2017 00:00:00 +0530 Fri, 15 Dec 2017 08:38:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352466 The ITAT partially allowed the assessee's appeal by reducing the disallowed amount for unverified expenses from Rs. 100,000 to Rs. 50,000. Additionally, the ITAT remanded the issue of the Rs. 1,00,000 loan addition under section 68 of the Income-tax Act back to the AO for further examination, granting the assessee an opportunity to present evidence regarding the source and nature of the funds. Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352466