https://www.taxtmi.com/caselaws?id=259666 The appeal was partly allowed by the ITAT. The ITAT directed the revenue authorities to recognize the business loss of Rs. 21,20,714/- due to non-receipt from clients. Additionally, the ITAT instructed the AO to re-adjudicate issues related to bad debts, disallowance of commission paid, disallowance under Section 40(a)(ia), addition of unexplained cash credit under Section 68, and unexplained expenditure under Section 69C in accordance with legal provisions and the assessee's arguments. The liability for interest under Sections 234A, 234B, and 234C was contingent on the final assessed income. en-us Tue, 21 Apr 2015 00:00:00 +0530 Mon, 18 May 2015 07:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259666 The appeal was partly allowed by the ITAT. The ITAT directed the revenue authorities to recognize the business loss of Rs. 21,20,714/- due to non-receipt from clients. Additionally, the ITAT instructed the AO to re-adjudicate issues related to bad debts, disallowance of commission paid, disallowance under Section 40(a)(ia), addition of unexplained cash credit under Section 68, and unexplained expenditure under Section 69C in accordance with legal provisions and the assessee's arguments. The liability for interest under Sections 234A, 234B, and 234C was contingent on the final assessed income. Case-Laws Income Tax Tue, 21 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259666