https://www.taxtmi.com/caselaws?id=413806 The case involved challenges to additions of income from inflation of expenses for three assessment years. For the assessment year 2012-13, the Tribunal directed an addition at 12% of the inflated expenses. Similarly, for the assessment year 2013-14, the Tribunal directed an addition at 12% of the inflated expenses. However, for the assessment year 2014-15, the Tribunal found the addition of income from inflation of expenses unwarranted. The appeals for the respective assessment years were partly allowed or allowed, as indicated by the Tribunal in its order pronounced on 08/09/2021. en-us Wed, 08 Sep 2021 00:00:00 +0530 Thu, 21 Oct 2021 08:17:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413806 The case involved challenges to additions of income from inflation of expenses for three assessment years. For the assessment year 2012-13, the Tribunal directed an addition at 12% of the inflated expenses. Similarly, for the assessment year 2013-14, the Tribunal directed an addition at 12% of the inflated expenses. However, for the assessment year 2014-15, the Tribunal found the addition of income from inflation of expenses unwarranted. The appeals for the respective assessment years were partly allowed or allowed, as indicated by the Tribunal in its order pronounced on 08/09/2021. Case-Laws Income Tax Wed, 08 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413806