https://www.taxtmi.com/caselaws?id=325310 The ITAT directed the Assessing Officer to delete the disallowance of 3,22,037 on account of sundry creditors as the CIT(A) erred in upholding the addition without sufficient evidence. Regarding the disallowance of 83,673 on account of interest, the ITAT remanded the issue back to the CIT(A) for reevaluation based on the appellant's detailed submissions, emphasizing the need for a thorough review. The ITAT partly allowed the appeal for statistical purposes, stressing the importance of considering the evidence presented by the appellant in the reevaluation process. en-us Wed, 03 Feb 2016 00:00:00 +0530 Wed, 16 Mar 2016 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325310 The ITAT directed the Assessing Officer to delete the disallowance of 3,22,037 on account of sundry creditors as the CIT(A) erred in upholding the addition without sufficient evidence. Regarding the disallowance of 83,673 on account of interest, the ITAT remanded the issue back to the CIT(A) for reevaluation based on the appellant's detailed submissions, emphasizing the need for a thorough review. The ITAT partly allowed the appeal for statistical purposes, stressing the importance of considering the evidence presented by the appellant in the reevaluation process. Case-Laws Income Tax Wed, 03 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325310