https://www.taxtmi.com/caselaws?id=778997 ITAT, Jaipur (AT) upheld the AO's disallowance under sections 133A/292C where the assessee failed to substantiate expenses claimed against income declared during survey, dismissing Ground No.2. However, the bench directed recalculation of allowable partners' remuneration under section 40(b) after adding back confirmed additions of Rs.62,28,947 and adhoc disallowance of Rs.15,620, thereby allowing the remuneration claim to that extent. The tribunal also held section 115BBE inapplicable, treating the surrendered amounts as business income chargeable under section 28. en-us Thu, 17 Apr 2025 00:00:00 +0530 Mon, 02 Mar 2026 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778997 ITAT, Jaipur (AT) upheld the AO's disallowance under sections 133A/292C where the assessee failed to substantiate expenses claimed against income declared during survey, dismissing Ground No.2. However, the bench directed recalculation of allowable partners' remuneration under section 40(b) after adding back confirmed additions of Rs.62,28,947 and adhoc disallowance of Rs.15,620, thereby allowing the remuneration claim to that extent. The tribunal also held section 115BBE inapplicable, treating the surrendered amounts as business income chargeable under section 28. Case-Laws Income Tax Thu, 17 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778997