https://www.taxtmi.com/caselaws?id=278459 The Tribunal partially allowed both the assessee's and the revenue's appeals, directing specific deletions and sustainments of additions under various sections of the Income Tax Act. The Tribunal emphasized the importance of providing proper evidence and complying with legal standards when making or challenging such additions. Notably, the Tribunal reduced disallowances related to salary and contract payments, deleted additions of unproved loan and deposits, and upheld the deletion of unexplained cash credits and unexplained capital introduced by partners based on evidence and legal precedents. en-us Thu, 31 Mar 2011 00:00:00 +0530 Mon, 04 Feb 2019 14:44:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278459 The Tribunal partially allowed both the assessee's and the revenue's appeals, directing specific deletions and sustainments of additions under various sections of the Income Tax Act. The Tribunal emphasized the importance of providing proper evidence and complying with legal standards when making or challenging such additions. Notably, the Tribunal reduced disallowances related to salary and contract payments, deleted additions of unproved loan and deposits, and upheld the deletion of unexplained cash credits and unexplained capital introduced by partners based on evidence and legal precedents. Case-Laws Income Tax Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278459