https://www.taxtmi.com/caselaws?id=357083 The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's appeals. It upheld the deletion of the addition towards unexplained capital introduction by partners, reversed the addition towards unexplained unsecured loans, allowed deductions for the difference in CPWD and local rates, and deleted the addition on account of unexplained cash credits in the bank account. However, it upheld additions towards unexplained flat advances from customers and unexplained advance and expenditure. The Tribunal stressed the significance of proper documentation and evidence for substantiating claims under the Income Tax Act. en-us Wed, 14 Mar 2018 00:00:00 +0530 Fri, 16 Mar 2018 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357083 The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's appeals. It upheld the deletion of the addition towards unexplained capital introduction by partners, reversed the addition towards unexplained unsecured loans, allowed deductions for the difference in CPWD and local rates, and deleted the addition on account of unexplained cash credits in the bank account. However, it upheld additions towards unexplained flat advances from customers and unexplained advance and expenditure. The Tribunal stressed the significance of proper documentation and evidence for substantiating claims under the Income Tax Act. Case-Laws Income Tax Wed, 14 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357083