https://www.taxtmi.com/caselaws?id=334714 The appeal was allowed by the Tribunal, remanding the issue of disallowance under Section 40(a)(ia) for verification. The additions related to the alleged undisclosed sale of rice bran and the disallowed handling charges were deleted. The Tribunal emphasized evidence-based conclusions over assumptions, directing the AO to verify recipients' tax returns and providing reasoning for the deletion of additions based on lack of evidence and unsustainable assumptions. en-us Fri, 02 Sep 2016 00:00:00 +0530 Sat, 19 Nov 2016 11:55:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334714 The appeal was allowed by the Tribunal, remanding the issue of disallowance under Section 40(a)(ia) for verification. The additions related to the alleged undisclosed sale of rice bran and the disallowed handling charges were deleted. The Tribunal emphasized evidence-based conclusions over assumptions, directing the AO to verify recipients' tax returns and providing reasoning for the deletion of additions based on lack of evidence and unsustainable assumptions. Case-Laws Income Tax Fri, 02 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334714