https://www.taxtmi.com/caselaws?id=177270 The Tribunal partly allowed the appeal and remanded the case for fresh assessment to verify the genuineness of the appellant's repayment claims in relation to the addition of sundry creditors' liability to the income under section 41(1) of the Income Tax Act for A.Y. 2007-08. The Tribunal emphasized the importance of thorough investigation despite the suspicious timing of the new explanation provided by the appellant, ensuring justice is served in accordance with the law. en-us Thu, 28 Feb 2013 00:00:00 +0530 Fri, 26 May 2017 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177270 The Tribunal partly allowed the appeal and remanded the case for fresh assessment to verify the genuineness of the appellant's repayment claims in relation to the addition of sundry creditors' liability to the income under section 41(1) of the Income Tax Act for A.Y. 2007-08. The Tribunal emphasized the importance of thorough investigation despite the suspicious timing of the new explanation provided by the appellant, ensuring justice is served in accordance with the law. Case-Laws Income Tax Thu, 28 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177270