https://www.taxtmi.com/caselaws?id=383566 The Tribunal remitted the issue of unexplained investment back to the AO for detailed examination, upheld the CIT(A)'s decision to disallow 50% of the expenses due to lack of proper vouchers, and confirmed the addition of Rs. 50 lakhs based on promissory notes while rejecting the telescopic benefit. The appeals and cross objections were accordingly disposed of. en-us Wed, 26 Jun 2019 00:00:00 +0530 Thu, 25 Jul 2019 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383566 The Tribunal remitted the issue of unexplained investment back to the AO for detailed examination, upheld the CIT(A)'s decision to disallow 50% of the expenses due to lack of proper vouchers, and confirmed the addition of Rs. 50 lakhs based on promissory notes while rejecting the telescopic benefit. The appeals and cross objections were accordingly disposed of. Case-Laws Income Tax Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383566