https://www.taxtmi.com/caselaws?id=370049 The Tribunal upheld the relief granted by the Ld. CIT(A) in allowing 50% of the total addition on account of bogus expenses and receipts, directing the deletion of the entire addition as it was already included in the assessee's income. Additionally, the Tribunal found the deletion of unexplained cash deposits and share premium additions justified based on the assessee's maintained records and lack of increase in share premium during the relevant year, respectively. The Tribunal also upheld the deletion of the addition on account of bogus expenses due to the assessee's provision of supporting evidence, dismissing the Revenue's appeal and allowing the assessee's cross objection. en-us Mon, 05 Nov 2018 00:00:00 +0530 Wed, 07 Nov 2018 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370049 The Tribunal upheld the relief granted by the Ld. CIT(A) in allowing 50% of the total addition on account of bogus expenses and receipts, directing the deletion of the entire addition as it was already included in the assessee's income. Additionally, the Tribunal found the deletion of unexplained cash deposits and share premium additions justified based on the assessee's maintained records and lack of increase in share premium during the relevant year, respectively. The Tribunal also upheld the deletion of the addition on account of bogus expenses due to the assessee's provision of supporting evidence, dismissing the Revenue's appeal and allowing the assessee's cross objection. Case-Laws Income Tax Mon, 05 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370049