https://www.taxtmi.com/caselaws?id=444614 The Tribunal upheld the Ld. CIT(A)'s decisions on several key tax issues. It allowed the appeal for unexplained expenditure under Section 69C, acknowledging genuine transactions with most vendors and reversing the disallowance for M/s Vistar Constructions Pvt Ltd. Disallowances under Section 14A were deleted, as no exempt income was earned, aligning with prior HC rulings. The Tribunal reversed the deletion of deemed rent on vacant properties, directing the AO to compute the annual lettable value. For the carry forward of STCL, the Tribunal supported the Ld. CIT(A)'s allowance of revised claims in abated assessments, directing verification by the AO. en-us Wed, 30 Aug 2023 00:00:00 +0530 Wed, 18 Oct 2023 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444614 The Tribunal upheld the Ld. CIT(A)'s decisions on several key tax issues. It allowed the appeal for unexplained expenditure under Section 69C, acknowledging genuine transactions with most vendors and reversing the disallowance for M/s Vistar Constructions Pvt Ltd. Disallowances under Section 14A were deleted, as no exempt income was earned, aligning with prior HC rulings. The Tribunal reversed the deletion of deemed rent on vacant properties, directing the AO to compute the annual lettable value. For the carry forward of STCL, the Tribunal supported the Ld. CIT(A)'s allowance of revised claims in abated assessments, directing verification by the AO. Case-Laws Income Tax Wed, 30 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444614