https://www.taxtmi.com/caselaws?id=463335 ITAT PUNE - AT partly allowed the appeal. The tribunal held that the AO's 2/3 disallowance of claimed expenses was excessive and, in view of evidence produced in remand proceedings and the remand report of the JCIT, directed the AO to restrict disallowance to 1/3 of the amount shown in the P&L account. Regarding additions under s. 68 for unexplained cash bank deposits, the ITAT found the assessee's cash-book and JCIT's acceptance that sufficient cash was available, and deleted the additions. Appeal allowed. en-us Fri, 27 Mar 2015 00:00:00 +0530 Tue, 26 Aug 2025 20:14:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463335 ITAT PUNE - AT partly allowed the appeal. The tribunal held that the AO's 2/3 disallowance of claimed expenses was excessive and, in view of evidence produced in remand proceedings and the remand report of the JCIT, directed the AO to restrict disallowance to 1/3 of the amount shown in the P&L account. Regarding additions under s. 68 for unexplained cash bank deposits, the ITAT found the assessee's cash-book and JCIT's acceptance that sufficient cash was available, and deleted the additions. Appeal allowed. Case-Laws Income Tax Fri, 27 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463335