https://www.taxtmi.com/caselaws?id=444796 The Appellate Tribunal ruled in favor of the assessee, directing the Assessing Officer (AO) to delete the additions related to unexplained investments and publicity expenses. The Tribunal found the addition of Rs. 14,66,622/- for unexplained investments to be arbitrary, as the AO did not consider the evidence provided by the assessee. Similarly, the Rs. 11,00,120/- added for publicity expenses was deemed unjustified since these expenses were part of recurring schemes reimbursed by suppliers. The Tribunal's decision overturned the confirmations by the Learned Commissioner of Income-tax (Appeals) (Ld. CIT(A)). en-us Thu, 12 Oct 2023 00:00:00 +0530 Mon, 23 Oct 2023 08:46:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444796 The Appellate Tribunal ruled in favor of the assessee, directing the Assessing Officer (AO) to delete the additions related to unexplained investments and publicity expenses. The Tribunal found the addition of Rs. 14,66,622/- for unexplained investments to be arbitrary, as the AO did not consider the evidence provided by the assessee. Similarly, the Rs. 11,00,120/- added for publicity expenses was deemed unjustified since these expenses were part of recurring schemes reimbursed by suppliers. The Tribunal's decision overturned the confirmations by the Learned Commissioner of Income-tax (Appeals) (Ld. CIT(A)). Case-Laws Income Tax Thu, 12 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444796