https://www.taxtmi.com/caselaws?id=290676 The Tribunal partly allowed the Revenue's appeal in a tax case. It upheld the CIT(A)'s decision to restrict the addition regarding unaccounted receipts and expenditures, with directions for re-examination. The Tribunal partially allowed the Revenue's appeal on bogus purchases by limiting the addition to 12.5% of the total. Additionally, the Tribunal directed the AO to reassess the deduction claim under Section 80IB(10) for the Radha Govind project, stressing the necessity of an audit report covering "on money" receipts. en-us Fri, 21 Apr 2017 00:00:00 +0530 Sat, 10 Oct 2020 10:33:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290676 The Tribunal partly allowed the Revenue's appeal in a tax case. It upheld the CIT(A)'s decision to restrict the addition regarding unaccounted receipts and expenditures, with directions for re-examination. The Tribunal partially allowed the Revenue's appeal on bogus purchases by limiting the addition to 12.5% of the total. Additionally, the Tribunal directed the AO to reassess the deduction claim under Section 80IB(10) for the Radha Govind project, stressing the necessity of an audit report covering "on money" receipts. Case-Laws Income Tax Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290676