https://www.taxtmi.com/caselaws?id=401300 The Tribunal upheld the deletion of additions totaling Rs. 3,66,72,718/- based on survey findings, citing insufficient evidence to support the additions. Additionally, the Tribunal affirmed the deletion of Rs. 50,00,000/- by rejecting the books of accounts under section 145(3), noting that the books were subsequently recasted and audited. However, the Tribunal confirmed the addition of Rs. 1,33,27,282/- claimed as set-off for unaccounted advances, emphasizing the lack of evidence of utilization for project expenses. The decisions were based on the absence of corroborative evidence and proper maintenance of books of accounts. en-us Wed, 25 Nov 2020 00:00:00 +0530 Fri, 25 Dec 2020 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401300 The Tribunal upheld the deletion of additions totaling Rs. 3,66,72,718/- based on survey findings, citing insufficient evidence to support the additions. Additionally, the Tribunal affirmed the deletion of Rs. 50,00,000/- by rejecting the books of accounts under section 145(3), noting that the books were subsequently recasted and audited. However, the Tribunal confirmed the addition of Rs. 1,33,27,282/- claimed as set-off for unaccounted advances, emphasizing the lack of evidence of utilization for project expenses. The decisions were based on the absence of corroborative evidence and proper maintenance of books of accounts. Case-Laws Income Tax Wed, 25 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401300