https://www.taxtmi.com/caselaws?id=275155 The Tribunal dismissed the grounds related to the reopening of assessment for AY 2007-08 due to TDS discrepancies as they were not pressed. The under-reported income of Rs. 6,23,131 was added by disallowing telephone expenses and bad debts. The CIT(A) upheld the addition but restricted the disallowed telephone expenses to 5%. The Tribunal directed a fresh adjudication on the under-reported income issue and reduced the disallowed telephone expenses to a lump sum of Rs. 10,000. The bad debts claimed were allowed. The appeal was partly allowed for statistical purposes, emphasizing the importance of a thorough assessment process. en-us Wed, 03 Jan 2018 00:00:00 +0530 Thu, 20 Sep 2018 06:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275155 The Tribunal dismissed the grounds related to the reopening of assessment for AY 2007-08 due to TDS discrepancies as they were not pressed. The under-reported income of Rs. 6,23,131 was added by disallowing telephone expenses and bad debts. The CIT(A) upheld the addition but restricted the disallowed telephone expenses to 5%. The Tribunal directed a fresh adjudication on the under-reported income issue and reduced the disallowed telephone expenses to a lump sum of Rs. 10,000. The bad debts claimed were allowed. The appeal was partly allowed for statistical purposes, emphasizing the importance of a thorough assessment process. Case-Laws Income Tax Wed, 03 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275155