https://www.taxtmi.com/caselaws?id=441779 The Tribunal partially allowed the appeals concerning various tax issues, including disallowance of finance charges under Sec. 40(a)(ia), addition under Sec. 68 for unexplained cash credits, disallowance under Sec. 14A for notional interest, addition of unexplained bank interest, addition of maturity proceeds of LIC, addition of notional rental income, addition for low household expenses, and disallowance of interest-free loans. The Tribunal vacated some additions, restored matters for re-adjudication, and upheld the charging of interest under Sec. 234B. The CIT(A)'s enhancement of income was also remanded for further review. en-us Mon, 27 Mar 2023 00:00:00 +0530 Wed, 16 Aug 2023 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441779 The Tribunal partially allowed the appeals concerning various tax issues, including disallowance of finance charges under Sec. 40(a)(ia), addition under Sec. 68 for unexplained cash credits, disallowance under Sec. 14A for notional interest, addition of unexplained bank interest, addition of maturity proceeds of LIC, addition of notional rental income, addition for low household expenses, and disallowance of interest-free loans. The Tribunal vacated some additions, restored matters for re-adjudication, and upheld the charging of interest under Sec. 234B. The CIT(A)'s enhancement of income was also remanded for further review. Case-Laws Income Tax Mon, 27 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441779