https://www.taxtmi.com/caselaws?id=342335 The ITAT dismissed the appeals by both the assessee and the revenue, granting partial relief to the assessee regarding the addition towards unproved creditors. It upheld the addition towards hire charges, confirmed the CIT(A)'s estimation of net profit, and supported the separate addition of bank interest under 'income from other sources.' The ITAT found the credits towards unproved creditors to be genuine based on the evidence provided by the assessee, leading to the deletion of this addition. en-us Fri, 28 Apr 2017 00:00:00 +0530 Tue, 02 May 2017 09:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342335 The ITAT dismissed the appeals by both the assessee and the revenue, granting partial relief to the assessee regarding the addition towards unproved creditors. It upheld the addition towards hire charges, confirmed the CIT(A)'s estimation of net profit, and supported the separate addition of bank interest under 'income from other sources.' The ITAT found the credits towards unproved creditors to be genuine based on the evidence provided by the assessee, leading to the deletion of this addition. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342335