https://www.taxtmi.com/caselaws?id=418030 The Tribunal ruled in favor of the appellant on all grounds. It directed the Assessing Officer to treat 3% of the accommodation entry as the appellant's income, resolving the issues of unexplained cash credit deposits, disallowed interest expenses, brokerage expenses, and interest levy under section 234B of the Income Tax Act. The Tribunal found that the appellant's business activity aligned with a previous judgment, supporting the appellant's arguments and overturning the Revenue's contentions. en-us Mon, 31 Jan 2022 00:00:00 +0530 Sat, 05 Feb 2022 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418030 The Tribunal ruled in favor of the appellant on all grounds. It directed the Assessing Officer to treat 3% of the accommodation entry as the appellant's income, resolving the issues of unexplained cash credit deposits, disallowed interest expenses, brokerage expenses, and interest levy under section 234B of the Income Tax Act. The Tribunal found that the appellant's business activity aligned with a previous judgment, supporting the appellant's arguments and overturning the Revenue's contentions. Case-Laws Income Tax Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418030