https://www.taxtmi.com/caselaws?id=287452 The Tribunal upheld the addition of Rs. 3,39,800 as unexplained credits under Section 68 of the Income Tax Act, 1961. It directed further verification for Rs. 98,000 and allowed the claim of Rs. 2,47,500. Regarding the disallowance of expenses, the Tribunal reduced the disallowance to Rs. 50,400 from the initial Rs. 1,00,678. The appeal resulted in sustaining some disallowances, setting aside others for verification, and deleting certain disallowances based on the evidence presented. The final decision was rendered on 15-01-2019. en-us Tue, 15 Jan 2019 00:00:00 +0530 Wed, 15 Apr 2020 10:45:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287452 The Tribunal upheld the addition of Rs. 3,39,800 as unexplained credits under Section 68 of the Income Tax Act, 1961. It directed further verification for Rs. 98,000 and allowed the claim of Rs. 2,47,500. Regarding the disallowance of expenses, the Tribunal reduced the disallowance to Rs. 50,400 from the initial Rs. 1,00,678. The appeal resulted in sustaining some disallowances, setting aside others for verification, and deleting certain disallowances based on the evidence presented. The final decision was rendered on 15-01-2019. Case-Laws Income Tax Tue, 15 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287452