https://www.taxtmi.com/caselaws?id=382530 The appeal was partly allowed. The Tribunal directed the AO to sustain only the peak credit of Rs. 2,38,737 regarding cash deposits, uphold the disallowance under Section 54F, verify excess depreciation claimed, and reduce the ad-hoc disallowance to 10%. en-us Mon, 01 Jul 2019 00:00:00 +0530 Fri, 05 Jul 2019 06:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382530 The appeal was partly allowed. The Tribunal directed the AO to sustain only the peak credit of Rs. 2,38,737 regarding cash deposits, uphold the disallowance under Section 54F, verify excess depreciation claimed, and reduce the ad-hoc disallowance to 10%. Case-Laws Income Tax Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382530