https://www.taxtmi.com/caselaws?id=413951 The appeal filed by the Revenue was partly allowed for statistical purposes. The Tribunal remitted the issue of deletion of the addition of Rs. 2,24,00,000 on account of unexplained trade receivable back to the CIT(A) for a fresh decision based on all evidence. The deletion of the disallowance of depreciation amounting to Rs. 28,76,386 was upheld, but subject to verification by the AO regarding the purchase dates of the assets. The Tribunal provided detailed analysis and directions for each issue raised in the appeal. en-us Wed, 13 Oct 2021 00:00:00 +0530 Mon, 25 Oct 2021 09:18:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413951 The appeal filed by the Revenue was partly allowed for statistical purposes. The Tribunal remitted the issue of deletion of the addition of Rs. 2,24,00,000 on account of unexplained trade receivable back to the CIT(A) for a fresh decision based on all evidence. The deletion of the disallowance of depreciation amounting to Rs. 28,76,386 was upheld, but subject to verification by the AO regarding the purchase dates of the assets. The Tribunal provided detailed analysis and directions for each issue raised in the appeal. Case-Laws Income Tax Wed, 13 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413951