https://www.taxtmi.com/caselaws?id=437312 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to deny deduction u/s. 80IB(10) for the Assessment Years 2009-10 and 2010-11 to a partnership firm engaged in construction activities. The Tribunal found that the seized documents revealed unexplained cash expenditure, not on-money receipts eligible for deduction, and the assessee failed to prove the source of income. The Tribunal dismissed the appeal, emphasizing the necessity for the assessee to substantiate the source of income for the claimed deduction and distinguishing the case from previous decisions where undisclosed income was linked to business activity. en-us Fri, 28 Apr 2023 00:00:00 +0530 Wed, 03 May 2023 09:00:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437312 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to deny deduction u/s. 80IB(10) for the Assessment Years 2009-10 and 2010-11 to a partnership firm engaged in construction activities. The Tribunal found that the seized documents revealed unexplained cash expenditure, not on-money receipts eligible for deduction, and the assessee failed to prove the source of income. The Tribunal dismissed the appeal, emphasizing the necessity for the assessee to substantiate the source of income for the claimed deduction and distinguishing the case from previous decisions where undisclosed income was linked to business activity. Case-Laws Income Tax Fri, 28 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437312