https://www.taxtmi.com/caselaws?id=431556 The Appellate Tribunal ITAT Nagpur partially allowed the appeal regarding the addition of Rs.2,66,586 in the assessment year 2005-06. The Tribunal confirmed the addition to the extent of Rs.88,423 on account of unexplained opening capital, modifying the Commissioner of Income Tax (Appeals) order. The Tribunal found no justification for further additions beyond this amount, ultimately ruling in favor of the assessee. en-us Fri, 30 Sep 2022 00:00:00 +0530 Fri, 16 Dec 2022 09:40:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431556 The Appellate Tribunal ITAT Nagpur partially allowed the appeal regarding the addition of Rs.2,66,586 in the assessment year 2005-06. The Tribunal confirmed the addition to the extent of Rs.88,423 on account of unexplained opening capital, modifying the Commissioner of Income Tax (Appeals) order. The Tribunal found no justification for further additions beyond this amount, ultimately ruling in favor of the assessee. Case-Laws Income Tax Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431556