https://www.taxtmi.com/caselaws?id=436300 The Tribunal allowed the assessee's appeal, directing the deletion of additions made under Section 69C for unexplained expenditure and the estimation of Net Profit rate. The addition under Section 68 for unexplained cash credits was deleted as it pertained to a prior assessment year. The Tribunal remanded the penalty under Section 271AAA back to the Assessing Officer for a detailed reconsideration due to lack of specific findings in the initial order. en-us Thu, 12 Jan 2023 00:00:00 +0530 Sat, 08 Apr 2023 13:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436300 The Tribunal allowed the assessee's appeal, directing the deletion of additions made under Section 69C for unexplained expenditure and the estimation of Net Profit rate. The addition under Section 68 for unexplained cash credits was deleted as it pertained to a prior assessment year. The Tribunal remanded the penalty under Section 271AAA back to the Assessing Officer for a detailed reconsideration due to lack of specific findings in the initial order. Case-Laws Income Tax Thu, 12 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436300