https://www.taxtmi.com/caselaws?id=295782 The Revenue's appeal challenging various disallowances made by the Assessing Officer was dismissed. The CIT(A)'s decision to restrict disallowance of expenditure on flat improvement, delete disallowance under section 14A, and deletion of addition under section 68 was upheld by the Tribunal. The Tribunal emphasized that the expenses were recorded in the books and loans were received through legitimate channels, rejecting the AO's doubts without concrete evidence. The order was pronounced on 3rd May, 2013. en-us Fri, 03 May 2013 00:00:00 +0530 Sat, 19 Jun 2021 16:46:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295782 The Revenue's appeal challenging various disallowances made by the Assessing Officer was dismissed. The CIT(A)'s decision to restrict disallowance of expenditure on flat improvement, delete disallowance under section 14A, and deletion of addition under section 68 was upheld by the Tribunal. The Tribunal emphasized that the expenses were recorded in the books and loans were received through legitimate channels, rejecting the AO's doubts without concrete evidence. The order was pronounced on 3rd May, 2013. Case-Laws Income Tax Fri, 03 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295782