https://www.taxtmi.com/caselaws?id=343469 The Tribunal upheld the CIT(A)'s decisions on various issues, including the deletion of additions for medical expenses and workman compensation due to lack of defects in accounts, restriction of excess interest disallowance based on commercial expediency, deletion of additions for differences in sundry creditors and purchases pending further verification, and deletion of additions for bogus purchases and unexplained cash credit supported by evidence. The Tribunal remitted the issue of insurance claim back to the AO for a detailed examination. The Tribunal emphasized the importance of thorough verification in tax assessments. en-us Fri, 12 May 2017 00:00:00 +0530 Fri, 26 May 2017 07:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343469 The Tribunal upheld the CIT(A)'s decisions on various issues, including the deletion of additions for medical expenses and workman compensation due to lack of defects in accounts, restriction of excess interest disallowance based on commercial expediency, deletion of additions for differences in sundry creditors and purchases pending further verification, and deletion of additions for bogus purchases and unexplained cash credit supported by evidence. The Tribunal remitted the issue of insurance claim back to the AO for a detailed examination. The Tribunal emphasized the importance of thorough verification in tax assessments. Case-Laws Income Tax Fri, 12 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343469