https://www.taxtmi.com/caselaws?id=436356 The Tribunal allowed the appeal, directing deletion of additions made by the AO regarding unexplained business income and disallowance of depreciation. The Tribunal found the AO lacked proper basis or reasoning for the additions, ruling the liabilities were not fictitious. The disallowance of depreciation without proper examination was also deemed unjustified. The order was pronounced on 29.03.2023. en-us Wed, 29 Mar 2023 00:00:00 +0530 Tue, 11 Apr 2023 09:12:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436356 The Tribunal allowed the appeal, directing deletion of additions made by the AO regarding unexplained business income and disallowance of depreciation. The Tribunal found the AO lacked proper basis or reasoning for the additions, ruling the liabilities were not fictitious. The disallowance of depreciation without proper examination was also deemed unjustified. The order was pronounced on 29.03.2023. Case-Laws Income Tax Wed, 29 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436356