https://www.taxtmi.com/caselaws?id=372743 The Tribunal partially allowed the appeal by deleting the addition of unexplained credits totaling Rs. 43,12,250 from four individuals and reducing the disallowance of cash expenditure to Rs. 1,35,468. The Tribunal found that the cash credits were advances for plot bookings later converted into sales revenue, with registered sale deeds confirming the transactions. Despite genuine expenditures supported by vendor statements and vouchers, a 10% disallowance was deemed appropriate for justice. The decision was rendered on 26.12.2018. en-us Wed, 26 Dec 2018 00:00:00 +0530 Fri, 28 Dec 2018 11:36:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372743 The Tribunal partially allowed the appeal by deleting the addition of unexplained credits totaling Rs. 43,12,250 from four individuals and reducing the disallowance of cash expenditure to Rs. 1,35,468. The Tribunal found that the cash credits were advances for plot bookings later converted into sales revenue, with registered sale deeds confirming the transactions. Despite genuine expenditures supported by vendor statements and vouchers, a 10% disallowance was deemed appropriate for justice. The decision was rendered on 26.12.2018. Case-Laws Income Tax Wed, 26 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372743