https://www.taxtmi.com/caselaws?id=406359 The Tribunal partly allowed the appeal, providing relief on several grounds while upholding some of the AO's disallowances. The decisions were made considering the nature of the business, the necessity of expenses, and relevant judicial precedents. The disallowed expenses, carriage inwards, and unexplained sundry creditors were relieved, while additions related to capital introduction, stock discrepancies, and cash purchases of gold were upheld. en-us Fri, 12 Mar 2021 00:00:00 +0530 Tue, 13 Apr 2021 08:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406359 The Tribunal partly allowed the appeal, providing relief on several grounds while upholding some of the AO's disallowances. The decisions were made considering the nature of the business, the necessity of expenses, and relevant judicial precedents. The disallowed expenses, carriage inwards, and unexplained sundry creditors were relieved, while additions related to capital introduction, stock discrepancies, and cash purchases of gold were upheld. Case-Laws Income Tax Fri, 12 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406359