https://www.taxtmi.com/caselaws?id=401753 The Tribunal partially allowed the appeal by deleting the disallowances of various business expenses but upheld the additions for unexplained investment in house furniture and undisclosed income. The Tribunal found that the appellant failed to provide sufficient evidence to support their claims regarding the furniture and undisclosed income, leading to the additions being upheld. The assessment order was deemed valid, and the disallowances of business expenses were overturned due to lack of specific evidence supporting the AO's ad hoc disallowances. en-us Mon, 23 Nov 2020 00:00:00 +0530 Wed, 16 Dec 2020 08:50:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401753 The Tribunal partially allowed the appeal by deleting the disallowances of various business expenses but upheld the additions for unexplained investment in house furniture and undisclosed income. The Tribunal found that the appellant failed to provide sufficient evidence to support their claims regarding the furniture and undisclosed income, leading to the additions being upheld. The assessment order was deemed valid, and the disallowances of business expenses were overturned due to lack of specific evidence supporting the AO's ad hoc disallowances. Case-Laws Income Tax Mon, 23 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401753