https://www.taxtmi.com/caselaws?id=413513 The Tribunal partially allowed the appeal, directing the Assessing Officer to limit the total addition to Rs. 14,00,000 and ensuring compliance with procedural requirements. The Tribunal confirmed an additional Rs. 1,25,000, resulting in a final limit of Rs. 12,75,000. It emphasized the importance of proper verification and procedural compliance before making additions under sections 41(1) and 68 of the Income Tax Act. en-us Mon, 11 Oct 2021 00:00:00 +0530 Wed, 13 Oct 2021 08:44:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413513 The Tribunal partially allowed the appeal, directing the Assessing Officer to limit the total addition to Rs. 14,00,000 and ensuring compliance with procedural requirements. The Tribunal confirmed an additional Rs. 1,25,000, resulting in a final limit of Rs. 12,75,000. It emphasized the importance of proper verification and procedural compliance before making additions under sections 41(1) and 68 of the Income Tax Act. Case-Laws Income Tax Mon, 11 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413513