https://www.taxtmi.com/caselaws?id=266140 The Tribunal remitted the issue of addition under section 40(a)(ia) of the Income-tax Act back to the Assessing Officer for verification, emphasizing that if the amount was not outstanding at the end of the assessment year, it cannot be disallowed. Regarding the disallowance of weaving charges, the Tribunal reduced the initial 20% disallowance to 10% due to the nature of supporting vouchers. The appeal was partly allowed for statistical purposes, providing detailed reasoning and directions for further assessment by the authorities. en-us Wed, 29 Apr 2015 00:00:00 +0530 Sat, 17 Oct 2015 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266140 The Tribunal remitted the issue of addition under section 40(a)(ia) of the Income-tax Act back to the Assessing Officer for verification, emphasizing that if the amount was not outstanding at the end of the assessment year, it cannot be disallowed. Regarding the disallowance of weaving charges, the Tribunal reduced the initial 20% disallowance to 10% due to the nature of supporting vouchers. The appeal was partly allowed for statistical purposes, providing detailed reasoning and directions for further assessment by the authorities. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266140