https://www.taxtmi.com/caselaws?id=430235 The tribunal ruled in favor of the appellant regarding the disallowance of business expenses, deleting the addition of Rs.1,62,728. The tribunal found the AO's disallowance unjustified due to lack of specific evidence. However, the tribunal upheld the addition of Rs.3,50,000 for unexplained agriculture income, as the appellant failed to provide supporting evidence. The decision underscored the necessity of substantiating income claims with evidence and emphasized the tribunal's role in ensuring fairness in tax matters. en-us Wed, 21 Sep 2022 00:00:00 +0530 Tue, 15 Nov 2022 09:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430235 The tribunal ruled in favor of the appellant regarding the disallowance of business expenses, deleting the addition of Rs.1,62,728. The tribunal found the AO's disallowance unjustified due to lack of specific evidence. However, the tribunal upheld the addition of Rs.3,50,000 for unexplained agriculture income, as the appellant failed to provide supporting evidence. The decision underscored the necessity of substantiating income claims with evidence and emphasized the tribunal's role in ensuring fairness in tax matters. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430235