https://www.taxtmi.com/caselaws?id=426716 The Tribunal deleted the addition of Rs. 5,01,20,544 under Section 69C of the Income Tax Act, as the assessee satisfactorily explained the source of the payment. Additionally, the Tribunal reduced the disallowance of expenses from Rs. 1,00,000 to Rs. 50,000, granting partial relief to the assessee. The appeal was partly allowed. en-us Tue, 02 Aug 2022 00:00:00 +0530 Wed, 24 Aug 2022 08:48:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426716 The Tribunal deleted the addition of Rs. 5,01,20,544 under Section 69C of the Income Tax Act, as the assessee satisfactorily explained the source of the payment. Additionally, the Tribunal reduced the disallowance of expenses from Rs. 1,00,000 to Rs. 50,000, granting partial relief to the assessee. The appeal was partly allowed. Case-Laws Income Tax Tue, 02 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426716