https://www.taxtmi.com/caselaws?id=752761 Cash deposit additions under sections 68 and 69A read with section 115BBE were sent back for fresh verification because the factual record on supporting evidence needed examination; if the assessee's claim is verified, the addition is to be deleted. The deduction claim under Chapter VI-A, including section 80C, was also restored for verification, as the assessee asserted the relevant deposit was made in a PPF account and eligibility turned on proof. An ad hoc 25% disallowance of business expenditure was deleted because it was based only on a blanket estimate without identifying any specific non-business expense or factual basis. en-us Thu, 29 Feb 2024 00:00:00 +0530 Fri, 17 May 2024 08:33:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752761 Cash deposit additions under sections 68 and 69A read with section 115BBE were sent back for fresh verification because the factual record on supporting evidence needed examination; if the assessee's claim is verified, the addition is to be deleted. The deduction claim under Chapter VI-A, including section 80C, was also restored for verification, as the assessee asserted the relevant deposit was made in a PPF account and eligibility turned on proof. An ad hoc 25% disallowance of business expenditure was deleted because it was based only on a blanket estimate without identifying any specific non-business expense or factual basis. Case-Laws Income Tax Thu, 29 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752761