https://www.taxtmi.com/caselaws?id=412647 The tribunal partially allowed the appeal, directing the Assessing Officer to adjust the additions made to the income of the assessee. The tribunal restricted the unexplained income addition to 10% of gross receipts, upheld the disallowance of certain expenses, and directed the deletion of notional interest and ad-hoc disallowance. The tribunal found that the additions were made without sufficient justification and ordered adjustments based on its findings. en-us Tue, 21 Sep 2021 00:00:00 +0530 Wed, 22 Sep 2021 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412647 The tribunal partially allowed the appeal, directing the Assessing Officer to adjust the additions made to the income of the assessee. The tribunal restricted the unexplained income addition to 10% of gross receipts, upheld the disallowance of certain expenses, and directed the deletion of notional interest and ad-hoc disallowance. The tribunal found that the additions were made without sufficient justification and ordered adjustments based on its findings. Case-Laws Income Tax Tue, 21 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412647