https://www.taxtmi.com/caselaws?id=251131 The Tribunal partly allowed the Revenue's appeal, remanding certain issues back to the AO for fresh examination. The Tribunal upheld the deletion of additions made by the CIT(A) regarding inflated purchases and fictitious sales to inflate turnover for loan purposes. The deletion of disallowance under section 40(a)(ia) for non-deduction of TDS was also upheld for a portion, with a remand for further consideration. Additionally, the disallowance of payments towards employees' contributions to ESIC and PF was deleted, as the payments were made before the due date for filing the return. en-us Wed, 30 Apr 2014 00:00:00 +0530 Fri, 05 Sep 2014 06:22:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251131 The Tribunal partly allowed the Revenue's appeal, remanding certain issues back to the AO for fresh examination. The Tribunal upheld the deletion of additions made by the CIT(A) regarding inflated purchases and fictitious sales to inflate turnover for loan purposes. The deletion of disallowance under section 40(a)(ia) for non-deduction of TDS was also upheld for a portion, with a remand for further consideration. Additionally, the disallowance of payments towards employees' contributions to ESIC and PF was deleted, as the payments were made before the due date for filing the return. Case-Laws Income Tax Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251131