https://www.taxtmi.com/caselaws?id=353250 The Tribunal partially allowed the assessee's appeals, reducing various additions made by the Assessing Officer. Notably, the Tribunal reduced the ad-hoc addition on account of the difference in sale rate, disallowed interest under Section 36(1)(iii) and Section 14A, and addition on discount sale of shops below market price to the partner. The Tribunal also deleted the addition of unexplained investment in a plot under Section 69B and partially disallowed unsupported expenses. The Tribunal emphasized the importance of proper evidence and reasoning in making additions and disallowances. en-us Mon, 30 Oct 2017 00:00:00 +0530 Sat, 30 Dec 2017 09:10:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353250 The Tribunal partially allowed the assessee's appeals, reducing various additions made by the Assessing Officer. Notably, the Tribunal reduced the ad-hoc addition on account of the difference in sale rate, disallowed interest under Section 36(1)(iii) and Section 14A, and addition on discount sale of shops below market price to the partner. The Tribunal also deleted the addition of unexplained investment in a plot under Section 69B and partially disallowed unsupported expenses. The Tribunal emphasized the importance of proper evidence and reasoning in making additions and disallowances. Case-Laws Income Tax Mon, 30 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353250