https://www.taxtmi.com/caselaws?id=268555 The appellate tribunal partially allowed the appeal of the assessee. The tribunal set aside the matter of the addition of the credit balance of a creditor for fresh adjudication by the Assessing Officer due to discrepancies and lack of explanation by the assessee. Additionally, the tribunal ruled in favor of the assessee regarding the outstanding balance of sundry creditors, deleting the disallowance as there was no writing off of the liability by the creditors. The disallowance of a specific salary payment was upheld due to excessive payment without justification. en-us Wed, 14 Oct 2015 00:00:00 +0530 Fri, 27 Nov 2015 23:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268555 The appellate tribunal partially allowed the appeal of the assessee. The tribunal set aside the matter of the addition of the credit balance of a creditor for fresh adjudication by the Assessing Officer due to discrepancies and lack of explanation by the assessee. Additionally, the tribunal ruled in favor of the assessee regarding the outstanding balance of sundry creditors, deleting the disallowance as there was no writing off of the liability by the creditors. The disallowance of a specific salary payment was upheld due to excessive payment without justification. Case-Laws Income Tax Wed, 14 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268555