https://www.taxtmi.com/caselaws?id=387146 The Tribunal partly allowed the appeal, directing adjustments in tax calculations related to the sale of scrap, disallowance under Section 40A(3), and unexplained expenditure under Section 69C. The Tribunal confirmed the addition of unexplained balance under Section 69C but deemed the addition of amount received on the sale of scrap and disallowance under Section 40A(3) unsustainable. The Tribunal also upheld the levying of interest under sections 234A and 234B and condoned the delay in filing the appeal. The order was pronounced on 14th October 2019. en-us Mon, 14 Oct 2019 00:00:00 +0530 Fri, 18 Oct 2019 07:18:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387146 The Tribunal partly allowed the appeal, directing adjustments in tax calculations related to the sale of scrap, disallowance under Section 40A(3), and unexplained expenditure under Section 69C. The Tribunal confirmed the addition of unexplained balance under Section 69C but deemed the addition of amount received on the sale of scrap and disallowance under Section 40A(3) unsustainable. The Tribunal also upheld the levying of interest under sections 234A and 234B and condoned the delay in filing the appeal. The order was pronounced on 14th October 2019. Case-Laws Income Tax Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387146