https://www.taxtmi.com/caselaws?id=174908 The appeal by the Revenue challenging the deletion of the addition on account of disallowance u/s. 40A(2)(b) of the Act and the addition on account of unexplained creditors was dismissed. The Tribunal upheld the decisions of the Commissioner of Income Tax(Appeals) in both issues, citing lack of evidence provided by the Assessing Officer and previous judgments. The orders of the Assessing Officer were not upheld due to insufficient evidence and reasoning, leading to the dismissal of the Revenue's appeal. en-us Fri, 04 Jun 2010 00:00:00 +0530 Wed, 28 Oct 2015 12:34:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174908 The appeal by the Revenue challenging the deletion of the addition on account of disallowance u/s. 40A(2)(b) of the Act and the addition on account of unexplained creditors was dismissed. The Tribunal upheld the decisions of the Commissioner of Income Tax(Appeals) in both issues, citing lack of evidence provided by the Assessing Officer and previous judgments. The orders of the Assessing Officer were not upheld due to insufficient evidence and reasoning, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 04 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174908