https://www.taxtmi.com/caselaws?id=355308 The Tribunal partly allowed the appeal, upholding the decisions on the notice u/s 148 and profit on sale of agricultural land. The disallowances made by the Assessing Officer were partially upheld, with adjustments to car expenses, maintenance costs, and staff training expenses. The claim for loss on sale of assets was disallowed. Additionally, the addition of fresh capital introduction was confirmed due to unexplained cash credit under section 68. The Tribunal dismissed the additional ground raised by the assessee, resulting in a mixed outcome for the parties involved. en-us Fri, 05 Jan 2018 00:00:00 +0530 Tue, 13 Feb 2018 06:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355308 The Tribunal partly allowed the appeal, upholding the decisions on the notice u/s 148 and profit on sale of agricultural land. The disallowances made by the Assessing Officer were partially upheld, with adjustments to car expenses, maintenance costs, and staff training expenses. The claim for loss on sale of assets was disallowed. Additionally, the addition of fresh capital introduction was confirmed due to unexplained cash credit under section 68. The Tribunal dismissed the additional ground raised by the assessee, resulting in a mixed outcome for the parties involved. Case-Laws Income Tax Fri, 05 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355308