https://www.taxtmi.com/caselaws?id=347284 The Tribunal allowed the appeal partly, deleting the addition under section 41(1) related to sundry creditors as there was no cessation of liability proven. Disallowances for expenses on business promotion and telephone were also deleted due to lack of evidence of personal benefit. However, disallowances for car running and electricity expenses were upheld. The issue of charging interest under sections 234B, 234C, and 234D was directed to be done as per law. The stay petition was dismissed, and the order was pronounced on 29.08.17. en-us Tue, 29 Aug 2017 00:00:00 +0530 Fri, 01 Sep 2017 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347284 The Tribunal allowed the appeal partly, deleting the addition under section 41(1) related to sundry creditors as there was no cessation of liability proven. Disallowances for expenses on business promotion and telephone were also deleted due to lack of evidence of personal benefit. However, disallowances for car running and electricity expenses were upheld. The issue of charging interest under sections 234B, 234C, and 234D was directed to be done as per law. The stay petition was dismissed, and the order was pronounced on 29.08.17. Case-Laws Income Tax Tue, 29 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347284