https://www.taxtmi.com/caselaws?id=376661 The appeals of the assessee were partly allowed, and the appeals of the revenue were dismissed. The Tribunal emphasized the need for actual evidence over presumptions and directed thorough verification of facts by the AO. Key issues included condonation of delay in filing appeals, addition of unexplained investments, disallowance under section 40(a)(ia) of the Income Tax Act, disallowance of claims under section 80IB, and additions under section 69B for purported on-money payments. The Tribunal made specific rulings on each issue, mostly in favor of the assessee. en-us Wed, 23 Jan 2019 00:00:00 +0530 Wed, 13 Mar 2019 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376661 The appeals of the assessee were partly allowed, and the appeals of the revenue were dismissed. The Tribunal emphasized the need for actual evidence over presumptions and directed thorough verification of facts by the AO. Key issues included condonation of delay in filing appeals, addition of unexplained investments, disallowance under section 40(a)(ia) of the Income Tax Act, disallowance of claims under section 80IB, and additions under section 69B for purported on-money payments. The Tribunal made specific rulings on each issue, mostly in favor of the assessee. Case-Laws Income Tax Wed, 23 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376661