https://www.taxtmi.com/caselaws?id=338473 The Tribunal partially allowed the appeal for statistical purposes. The disallowance of proportionate interest on advances and loans was remanded to the AO for fresh examination. The addition under Section 41(1) for outstanding creditors was deleted as the liability was admitted and paid. The addition under Section 40A(3) for cash payments was remanded for further examination due to discrepancies. The Tribunal provided detailed analysis and directions for each issue, ensuring a fair reconsideration of the disputed matters. en-us Thu, 24 Nov 2016 00:00:00 +0530 Sat, 04 Feb 2017 12:44:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338473 The Tribunal partially allowed the appeal for statistical purposes. The disallowance of proportionate interest on advances and loans was remanded to the AO for fresh examination. The addition under Section 41(1) for outstanding creditors was deleted as the liability was admitted and paid. The addition under Section 40A(3) for cash payments was remanded for further examination due to discrepancies. The Tribunal provided detailed analysis and directions for each issue, ensuring a fair reconsideration of the disputed matters. Case-Laws Income Tax Thu, 24 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338473