https://www.taxtmi.com/caselaws?id=390079 The Tribunal upheld the addition of Rs. 22,40,000 to the rental income of a partnership firm for A.Y. 2010-11, based on discrepancies in lease agreements and the property's potential rental value of Rs. 5,00,000 per month. The Tribunal agreed with the CIT(A)'s decision, emphasizing the lack of credible evidence supporting the firm's claim that only the administrative block was rented, not the factory shed. The Tribunal dismissed the appeal, affirming the addition and highlighting the insufficiency of the firm's explanations and provided documents. en-us Wed, 30 Oct 2019 00:00:00 +0530 Mon, 23 Dec 2019 13:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390079 The Tribunal upheld the addition of Rs. 22,40,000 to the rental income of a partnership firm for A.Y. 2010-11, based on discrepancies in lease agreements and the property's potential rental value of Rs. 5,00,000 per month. The Tribunal agreed with the CIT(A)'s decision, emphasizing the lack of credible evidence supporting the firm's claim that only the administrative block was rented, not the factory shed. The Tribunal dismissed the appeal, affirming the addition and highlighting the insufficiency of the firm's explanations and provided documents. Case-Laws Income Tax Wed, 30 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390079