https://www.taxtmi.com/caselaws?id=335025 The Tribunal ruled in favor of the assessee, partially allowing the appeal. It found the addition on account of net profit rate unjustified and ordered its deletion. The Tribunal remitted the issue of disallowance of payments to certain vendors back to the AO for further examination and reconciliation. Additionally, the Tribunal provided specific directions regarding the enhancement made under section 40(a)(ia) for payments made without deduction of tax at source, allowing for fresh consideration and deletions where appropriate. en-us Wed, 17 Aug 2016 00:00:00 +0530 Fri, 25 Nov 2016 09:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335025 The Tribunal ruled in favor of the assessee, partially allowing the appeal. It found the addition on account of net profit rate unjustified and ordered its deletion. The Tribunal remitted the issue of disallowance of payments to certain vendors back to the AO for further examination and reconciliation. Additionally, the Tribunal provided specific directions regarding the enhancement made under section 40(a)(ia) for payments made without deduction of tax at source, allowing for fresh consideration and deletions where appropriate. Case-Laws Income Tax Wed, 17 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335025