https://www.taxtmi.com/caselaws?id=404603 The Appellate Tribunal partially allowed the appeals of the assessee in relation to the addition of income from inflation of expenses for A.Y.2013-14 and the addition towards on-money for A.Y.2014-15. The Tribunal directed the assessing officer to make adjustments by adding 12% of inflation of expenses and 12% of on-money receipts as undisclosed income, in line with the Settlement Commission's directions in group company cases, thereby partially accepting the assessee's appeal. en-us Thu, 25 Feb 2021 00:00:00 +0530 Fri, 26 Feb 2021 09:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404603 The Appellate Tribunal partially allowed the appeals of the assessee in relation to the addition of income from inflation of expenses for A.Y.2013-14 and the addition towards on-money for A.Y.2014-15. The Tribunal directed the assessing officer to make adjustments by adding 12% of inflation of expenses and 12% of on-money receipts as undisclosed income, in line with the Settlement Commission's directions in group company cases, thereby partially accepting the assessee's appeal. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404603