https://www.taxtmi.com/caselaws?id=432375 The Tribunal partly allowed the appeal, ruling in favor of the assessee on major issues of additions and disallowance of rent, while dismissing the jurisdiction challenge. The additions of excess stock, excess cash, and unexplained investments were deleted due to lack of corroborative evidence and credible explanations provided by the assessee. The disallowance of rent paid to the assessee's wife was also deleted as it was deemed adhoc and not sustainable. The Tribunal's decision was pronounced on 19th December 2022. en-us Mon, 19 Dec 2022 00:00:00 +0530 Tue, 03 Jan 2023 21:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432375 The Tribunal partly allowed the appeal, ruling in favor of the assessee on major issues of additions and disallowance of rent, while dismissing the jurisdiction challenge. The additions of excess stock, excess cash, and unexplained investments were deleted due to lack of corroborative evidence and credible explanations provided by the assessee. The disallowance of rent paid to the assessee's wife was also deleted as it was deemed adhoc and not sustainable. The Tribunal's decision was pronounced on 19th December 2022. Case-Laws Income Tax Mon, 19 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432375