https://www.taxtmi.com/caselaws?id=388208 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 20,00,000 on account of an unexplained advance as it did not pertain to the assessee's income. The Tribunal also upheld the deletion of the disallowed brokerage/commission charges of Rs. 20,000, emphasizing that the income in question belonged to the parties involved in the loan transaction, not the assessee. The Tribunal found the additions made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) to be unjustified and ruled in favor of the assessee in both instances. en-us Tue, 24 Sep 2019 00:00:00 +0530 Sun, 10 Nov 2019 19:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388208 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 20,00,000 on account of an unexplained advance as it did not pertain to the assessee's income. The Tribunal also upheld the deletion of the disallowed brokerage/commission charges of Rs. 20,000, emphasizing that the income in question belonged to the parties involved in the loan transaction, not the assessee. The Tribunal found the additions made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) to be unjustified and ruled in favor of the assessee in both instances. Case-Laws Income Tax Tue, 24 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388208