https://www.taxtmi.com/caselaws?id=404691 The Appellate Tribunal remitted the issue of unexplained cash credit back to the Assessing Officer for fresh adjudication after finding merit in the assessee's submissions and admitting additional evidence. The disallowance of interest expenditure and sales promotion/travelling expenses made by the Assessing Officer was overturned by the Tribunal, which deleted the disallowance of interest expenditure and reduced the disallowance of sales promotion/travelling expenses from 25% to 20%. The overall appeal was partly allowed based on a detailed analysis and rulings on each issue presented before the Tribunal. en-us Thu, 25 Feb 2021 00:00:00 +0530 Mon, 01 Mar 2021 10:23:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404691 The Appellate Tribunal remitted the issue of unexplained cash credit back to the Assessing Officer for fresh adjudication after finding merit in the assessee's submissions and admitting additional evidence. The disallowance of interest expenditure and sales promotion/travelling expenses made by the Assessing Officer was overturned by the Tribunal, which deleted the disallowance of interest expenditure and reduced the disallowance of sales promotion/travelling expenses from 25% to 20%. The overall appeal was partly allowed based on a detailed analysis and rulings on each issue presented before the Tribunal. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404691