https://www.taxtmi.com/caselaws?id=298206 The Tribunal ruled in favor of the assessee on various issues including disallowance under Section 40A(3) of the Income Tax Act, addition on account of unexplained expenditure, disallowance of deduction under Section 80IB(10), disallowance under Section 14A, addition based on loose papers, addition based on valuation report by Departmental Valuation Officer, unaccounted receipts, unexplained investment, on-money payments, and retraction of surrender made during a search under Section 132. The Tribunal also deleted penalties under Section 271(1)(c) and Section 271AAB(1)(c) due to the deletion of underlying additions. en-us Tue, 16 Feb 2021 00:00:00 +0530 Wed, 20 Oct 2021 09:10:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298206 The Tribunal ruled in favor of the assessee on various issues including disallowance under Section 40A(3) of the Income Tax Act, addition on account of unexplained expenditure, disallowance of deduction under Section 80IB(10), disallowance under Section 14A, addition based on loose papers, addition based on valuation report by Departmental Valuation Officer, unaccounted receipts, unexplained investment, on-money payments, and retraction of surrender made during a search under Section 132. The Tribunal also deleted penalties under Section 271(1)(c) and Section 271AAB(1)(c) due to the deletion of underlying additions. Case-Laws Income Tax Tue, 16 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298206