https://www.taxtmi.com/caselaws?id=433147 The Tribunal dismissed the appeal, upholding additions and disallowances by lower authorities. The addition towards corpus fund was upheld due to inconsistency in the assessee's submissions and lack of clarity. The addition for unexplained unsecured loans was maintained as cash transactions lacked credibility. Ad hoc disallowance of expenses was partially reduced by CIT(A), with Tribunal finding no further justification for reduction. The order was pronounced on 16th January 2023. en-us Mon, 16 Jan 2023 00:00:00 +0530 Sat, 21 Jan 2023 09:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433147 The Tribunal dismissed the appeal, upholding additions and disallowances by lower authorities. The addition towards corpus fund was upheld due to inconsistency in the assessee's submissions and lack of clarity. The addition for unexplained unsecured loans was maintained as cash transactions lacked credibility. Ad hoc disallowance of expenses was partially reduced by CIT(A), with Tribunal finding no further justification for reduction. The order was pronounced on 16th January 2023. Case-Laws Income Tax Mon, 16 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433147