https://www.taxtmi.com/caselaws?id=392730 The Tribunal partly allowed the appeal, deleting the addition made under section 68 of the Income-tax Act, 1961, due to the genuineness of the transaction being proven. However, the confirmation of an ad hoc disallowance of expenses amounting to Rs. 25,000 was upheld as the assessee had agreed to it during assessment. The impugned order was upheld, and the judgment was pronounced on February 7, 2020. en-us Fri, 07 Feb 2020 00:00:00 +0530 Thu, 27 Feb 2020 07:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392730 The Tribunal partly allowed the appeal, deleting the addition made under section 68 of the Income-tax Act, 1961, due to the genuineness of the transaction being proven. However, the confirmation of an ad hoc disallowance of expenses amounting to Rs. 25,000 was upheld as the assessee had agreed to it during assessment. The impugned order was upheld, and the judgment was pronounced on February 7, 2020. Case-Laws Income Tax Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392730