https://www.taxtmi.com/caselaws?id=422245 The tribunal found the assessment order under Section 143(3) of the Income Tax Act, 1961 to be legally sound and upheld the additions made by the Assessing Officer (AO) for the Assessment Year 2016-17. The disallowances of business expenses were reduced, with the tribunal directing a 1% disallowance of the total turnover, amounting to Rs. 27,93,020/-. The appeal by the assessee was allowed to this extent, and the AO was instructed to issue a revised order. en-us Fri, 22 Apr 2022 00:00:00 +0530 Wed, 11 May 2022 22:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422245 The tribunal found the assessment order under Section 143(3) of the Income Tax Act, 1961 to be legally sound and upheld the additions made by the Assessing Officer (AO) for the Assessment Year 2016-17. The disallowances of business expenses were reduced, with the tribunal directing a 1% disallowance of the total turnover, amounting to Rs. 27,93,020/-. The appeal by the assessee was allowed to this extent, and the AO was instructed to issue a revised order. Case-Laws Income Tax Fri, 22 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422245