https://www.taxtmi.com/caselaws?id=384795 The Tribunal ruled in favor of the assessee, deleting the addition related to high sea sales as genuine, supported by proper documentation. The issue of unsecured loans was remanded for reconsideration due to insufficient examination of evidence by the Assessing Officer. The disallowance of petty cash expenses was also remanded for fresh adjudication, as the application of Section 69C was deemed incorrect. The assessee was granted the opportunity to present necessary evidence in both remanded issues. The appeal was considered allowed for statistical purposes. en-us Fri, 12 Apr 2019 00:00:00 +0530 Thu, 22 Aug 2019 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384795 The Tribunal ruled in favor of the assessee, deleting the addition related to high sea sales as genuine, supported by proper documentation. The issue of unsecured loans was remanded for reconsideration due to insufficient examination of evidence by the Assessing Officer. The disallowance of petty cash expenses was also remanded for fresh adjudication, as the application of Section 69C was deemed incorrect. The assessee was granted the opportunity to present necessary evidence in both remanded issues. The appeal was considered allowed for statistical purposes. Case-Laws Income Tax Fri, 12 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384795