https://www.taxtmi.com/caselaws?id=285789 The Tribunal partly allowed the appeals, directing the AO to re-examine various issues such as reconciling contract receipts, sundry creditors, and the application of disallowances under Sections 40(a)(ia) and 40A(3). Additionally, the AO was instructed to verify the nature of the lands in the land business transactions. The Tribunal emphasized the need for proper substantiation and reconciliation in assessing the undisclosed income and expenditures. en-us Fri, 30 Sep 2016 00:00:00 +0530 Mon, 27 Jan 2020 05:22:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285789 The Tribunal partly allowed the appeals, directing the AO to re-examine various issues such as reconciling contract receipts, sundry creditors, and the application of disallowances under Sections 40(a)(ia) and 40A(3). Additionally, the AO was instructed to verify the nature of the lands in the land business transactions. The Tribunal emphasized the need for proper substantiation and reconciliation in assessing the undisclosed income and expenditures. Case-Laws Income Tax Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285789