https://www.taxtmi.com/caselaws?id=406902 The Tribunal allowed the appeals for the assessment year 2012-13 and partly allowed the appeal for the assessment year 2010-11. The Tribunal upheld the addition to book profit under Section 115JB due to unreported income but directed the deletion of disallowance of expenditure under Section 14A. The Tribunal also ruled in favor of the assessee regarding factory shifting expenditure, unexplained cash credit under Section 68, and levy of penalty under Section 271(1)(c), leading to the deletion of these additions and penalties. The Tribunal's decisions were based on detailed reasoning and legal precedents. en-us Wed, 21 Apr 2021 00:00:00 +0530 Mon, 27 Jun 2022 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406902 The Tribunal allowed the appeals for the assessment year 2012-13 and partly allowed the appeal for the assessment year 2010-11. The Tribunal upheld the addition to book profit under Section 115JB due to unreported income but directed the deletion of disallowance of expenditure under Section 14A. The Tribunal also ruled in favor of the assessee regarding factory shifting expenditure, unexplained cash credit under Section 68, and levy of penalty under Section 271(1)(c), leading to the deletion of these additions and penalties. The Tribunal's decisions were based on detailed reasoning and legal precedents. Case-Laws Income Tax Wed, 21 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406902