https://www.taxtmi.com/caselaws?id=422680 The Tribunal remanded several issues back to the Assessing Officer for fresh adjudication, emphasizing the importance of proper documentation and evidence. The Tribunal directed the AO to reconsider the disallowance of depreciation on plant and machinery due to seized documents, discrepancies in depreciation claims on cars, deletion of unexplained cash credits under Section 68, removal of disallowance under Section 40A(2)(b) for excessive salary, reduction of ad hoc disallowance of various expenses, acceptance of books of accounts under Section 145(3), and re-examination of differences in income as per TDS reconciliation and EMD expenses written off. en-us Fri, 06 May 2022 00:00:00 +0530 Wed, 18 May 2022 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422680 The Tribunal remanded several issues back to the Assessing Officer for fresh adjudication, emphasizing the importance of proper documentation and evidence. The Tribunal directed the AO to reconsider the disallowance of depreciation on plant and machinery due to seized documents, discrepancies in depreciation claims on cars, deletion of unexplained cash credits under Section 68, removal of disallowance under Section 40A(2)(b) for excessive salary, reduction of ad hoc disallowance of various expenses, acceptance of books of accounts under Section 145(3), and re-examination of differences in income as per TDS reconciliation and EMD expenses written off. Case-Laws Income Tax Fri, 06 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422680