https://www.taxtmi.com/caselaws?id=778994 ITAT (Raipur) restored the matter to the AO to verify the assessee's claim that mobilization/machinery advances were correctly included in gross receipts of the succeeding year; if verified, the addition will be vacated. The tribunal upheld an addition under s.69C for unexplained shortfall in building investment, finding the assessee's offered additional business income inadequate to explain the deficit. A similar addition based on Form 26AS discrepancy was also restored to the AO to check whether facts were borrowed from a related concern. Disallowance under s.40A(3) was vacated as covered by the 8% gross-profit offer; additions for delayed ESI/PF deposits were upheld. en-us Mon, 20 Jan 2025 00:00:00 +0530 Fri, 26 Sep 2025 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778994 ITAT (Raipur) restored the matter to the AO to verify the assessee's claim that mobilization/machinery advances were correctly included in gross receipts of the succeeding year; if verified, the addition will be vacated. The tribunal upheld an addition under s.69C for unexplained shortfall in building investment, finding the assessee's offered additional business income inadequate to explain the deficit. A similar addition based on Form 26AS discrepancy was also restored to the AO to check whether facts were borrowed from a related concern. Disallowance under s.40A(3) was vacated as covered by the 8% gross-profit offer; additions for delayed ESI/PF deposits were upheld. Case-Laws Income Tax Mon, 20 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778994