https://www.taxtmi.com/caselaws?id=395867 The Tribunal allowed the appeal filed by the assessee, holding that the addition of Rs. 11,52,273 made by the Assessing Officer was unjustified. The Tribunal found that the cash flow statement prepared by the Assessing Officer included business transactions that contradicted the provisions of Section 44AD. The Tribunal concluded that the Assessing Officer's assumptions were unfounded and rejected the cash flow statement, leading to the deletion of the addition. en-us Tue, 09 Jun 2020 00:00:00 +0530 Thu, 11 Jun 2020 10:02:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395867 The Tribunal allowed the appeal filed by the assessee, holding that the addition of Rs. 11,52,273 made by the Assessing Officer was unjustified. The Tribunal found that the cash flow statement prepared by the Assessing Officer included business transactions that contradicted the provisions of Section 44AD. The Tribunal concluded that the Assessing Officer's assumptions were unfounded and rejected the cash flow statement, leading to the deletion of the addition. Case-Laws Income Tax Tue, 09 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395867