https://www.taxtmi.com/caselaws?id=271382 The ITAT upheld the CIT(A)'s decisions on all issues, dismissing the revenue's appeal in its entirety. The deletions of ad-hoc/estimated disallowance of labor charges, addition on account of sundry creditors balance, addition of unexplained cash credits for unsecured loans, and addition made on account of interest paid on unsecured loan were all upheld. The ITAT emphasized the lack of specific reasons for disallowances by the AO and the comprehensive details provided by the appellant, leading to the favorable outcome. en-us Wed, 06 Jan 2016 00:00:00 +0530 Wed, 03 Feb 2016 06:52:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271382 The ITAT upheld the CIT(A)'s decisions on all issues, dismissing the revenue's appeal in its entirety. The deletions of ad-hoc/estimated disallowance of labor charges, addition on account of sundry creditors balance, addition of unexplained cash credits for unsecured loans, and addition made on account of interest paid on unsecured loan were all upheld. The ITAT emphasized the lack of specific reasons for disallowances by the AO and the comprehensive details provided by the appellant, leading to the favorable outcome. Case-Laws Income Tax Wed, 06 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271382