https://www.taxtmi.com/caselaws?id=342279 The Tribunal set aside the CIT(A) order and deleted the additions related to sundry creditors due to discrepancies in figures, as confirmation letters were submitted and differences were not substantial. The delay in filing the appeal was condoned, and the appeal was admitted. Expenses disallowed by the assessing officer for business purposes were reinstated by the Tribunal. Interest levied under Sections 234B, 234C & 234D was not upheld as the main additions were deleted. The Tribunal found the additions and disallowances arbitrary and excessive, allowing the appeal and overturning the lower authorities' decisions. en-us Thu, 27 Apr 2017 00:00:00 +0530 Mon, 01 May 2017 08:53:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342279 The Tribunal set aside the CIT(A) order and deleted the additions related to sundry creditors due to discrepancies in figures, as confirmation letters were submitted and differences were not substantial. The delay in filing the appeal was condoned, and the appeal was admitted. Expenses disallowed by the assessing officer for business purposes were reinstated by the Tribunal. Interest levied under Sections 234B, 234C & 234D was not upheld as the main additions were deleted. The Tribunal found the additions and disallowances arbitrary and excessive, allowing the appeal and overturning the lower authorities' decisions. Case-Laws Income Tax Thu, 27 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342279