https://www.taxtmi.com/caselaws?id=306802 The Tribunal allowed the appeals for Assessment Years (AYs) 2003-04 to 2005-06 and partly allowed for AYs 2006-07 and 2007-08. Significant deletions were made to unjustified additions and protective assessments, including rejection of estimated turnover and profit, unexplained cash credits, unexplained expenditures, and protective assessments of unexplained bank deposits. The disallowance of personal expenses was also partially deleted due to lack of nexus with the seized material. en-us Fri, 19 Aug 2016 00:00:00 +0530 Sat, 25 Feb 2023 08:34:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306802 The Tribunal allowed the appeals for Assessment Years (AYs) 2003-04 to 2005-06 and partly allowed for AYs 2006-07 and 2007-08. Significant deletions were made to unjustified additions and protective assessments, including rejection of estimated turnover and profit, unexplained cash credits, unexplained expenditures, and protective assessments of unexplained bank deposits. The disallowance of personal expenses was also partially deleted due to lack of nexus with the seized material. Case-Laws Income Tax Fri, 19 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306802