https://www.taxtmi.com/caselaws?id=395964 The tribunal partly allowed the appeal of the assessee after finding that while there were discrepancies in the expenses claimed, undisclosed rental income, and business receipts, the additions made were excessive. The tribunal sustained a disallowance of 15% of claimed expenditure, added undisclosed rental income of Rs. 75,000, estimated undisclosed business receipts at Rs. 2,85,000, and added Rs. 6 lakhs to explain a cash deposit of Rs. 12 lakhs. The levy of interest under sections 234A and 234B was upheld as per statutory provisions. en-us Wed, 10 Jun 2020 00:00:00 +0530 Tue, 16 Jun 2020 11:46:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395964 The tribunal partly allowed the appeal of the assessee after finding that while there were discrepancies in the expenses claimed, undisclosed rental income, and business receipts, the additions made were excessive. The tribunal sustained a disallowance of 15% of claimed expenditure, added undisclosed rental income of Rs. 75,000, estimated undisclosed business receipts at Rs. 2,85,000, and added Rs. 6 lakhs to explain a cash deposit of Rs. 12 lakhs. The levy of interest under sections 234A and 234B was upheld as per statutory provisions. Case-Laws Income Tax Wed, 10 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395964