https://www.taxtmi.com/caselaws?id=257070 The tribunal allowed the assessee's appeal, dismissing the revenue's appeal and the assessee's cross-objection. The delay in filing the revenue's appeal was condoned. The addition of undisclosed working capital was restricted by the CIT(A), leading to no further addition. The deletion of the unexplained investment in RIP was upheld. The treatment of trade creditors as non-existent was overturned, and the disallowance under section 40A(3) was rejected as no further disallowance can be made once profits are estimated. en-us Wed, 13 Aug 2014 00:00:00 +0530 Mon, 02 Mar 2015 07:18:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257070 The tribunal allowed the assessee's appeal, dismissing the revenue's appeal and the assessee's cross-objection. The delay in filing the revenue's appeal was condoned. The addition of undisclosed working capital was restricted by the CIT(A), leading to no further addition. The deletion of the unexplained investment in RIP was upheld. The treatment of trade creditors as non-existent was overturned, and the disallowance under section 40A(3) was rejected as no further disallowance can be made once profits are estimated. Case-Laws Income Tax Wed, 13 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257070