https://www.taxtmi.com/caselaws?id=173906 The Tribunal upheld the CIT(A)'s decisions in dismissing both appeals filed by the Revenue. The disallowance of expenses was restricted to Rs. 5,00,000, with the addition of Rs. 45,46,166 deleted. Regarding unconfirmed creditors, Rs. 1,25,69,815 was deleted from the addition of Rs. 1,26,51,811, with only Rs. 40,998 confirmed. The Tribunal also confirmed the CIT(A)'s order for the subsequent assessment year 2008-09 based on similar grounds as in the current case. en-us Fri, 22 Feb 2013 00:00:00 +0530 Fri, 26 May 2017 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173906 The Tribunal upheld the CIT(A)'s decisions in dismissing both appeals filed by the Revenue. The disallowance of expenses was restricted to Rs. 5,00,000, with the addition of Rs. 45,46,166 deleted. Regarding unconfirmed creditors, Rs. 1,25,69,815 was deleted from the addition of Rs. 1,26,51,811, with only Rs. 40,998 confirmed. The Tribunal also confirmed the CIT(A)'s order for the subsequent assessment year 2008-09 based on similar grounds as in the current case. Case-Laws Income Tax Fri, 22 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173906