https://www.taxtmi.com/caselaws?id=332385 The appeal involved challenges regarding the disallowance of sales tax demand, interest paid to NBFCs, addition of amounts under section 68 of the IT Act, and rejection of books of accounts with a trading addition. The Tribunal dismissed the disallowance of sales tax demand as the assessee withdrew the ground. For interest paid to NBFCs, the Tribunal directed the AO to verify outstanding amounts potentially leading to deletion of disallowance. The addition under section 68 was deleted as no evidence linked the money to the assessee. The trading addition was partially allowed, reducing the disallowance based on past performance. en-us Thu, 04 Aug 2016 00:00:00 +0530 Sat, 06 May 2017 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332385 The appeal involved challenges regarding the disallowance of sales tax demand, interest paid to NBFCs, addition of amounts under section 68 of the IT Act, and rejection of books of accounts with a trading addition. The Tribunal dismissed the disallowance of sales tax demand as the assessee withdrew the ground. For interest paid to NBFCs, the Tribunal directed the AO to verify outstanding amounts potentially leading to deletion of disallowance. The addition under section 68 was deleted as no evidence linked the money to the assessee. The trading addition was partially allowed, reducing the disallowance based on past performance. Case-Laws Income Tax Thu, 04 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332385