https://www.taxtmi.com/caselaws?id=371089 The Tribunal partly allowed the appeal, directing the deletion of certain additions while upholding others based on the specific circumstances and merits of each issue raised in the appeal. The Tribunal considered only the net profit element to be taxed in relation to the difference in contract receipts, upheld the addition of the difference in opening balance of ledger account as taxable unexplained income, deleted the addition of kitchen expenses and labor expenses, and confirmed the additions of traveling expenses and vehicle expenses due to their personal nature. en-us Mon, 26 Nov 2018 00:00:00 +0530 Wed, 28 Nov 2018 08:39:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371089 The Tribunal partly allowed the appeal, directing the deletion of certain additions while upholding others based on the specific circumstances and merits of each issue raised in the appeal. The Tribunal considered only the net profit element to be taxed in relation to the difference in contract receipts, upheld the addition of the difference in opening balance of ledger account as taxable unexplained income, deleted the addition of kitchen expenses and labor expenses, and confirmed the additions of traveling expenses and vehicle expenses due to their personal nature. Case-Laws Income Tax Mon, 26 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371089