https://www.taxtmi.com/caselaws?id=357337 The Income Tax Appellate Tribunal (ITAT) upheld the decisions of the Commissioner of Income Tax (Appeals) [CIT(A)] in allowing provisions for expenses and non-deduction of Tax Deducted at Source (TDS) while modifying the decision on disallowance of purchases from suspicious suppliers. The ITAT found the provisions for expenses to be reasonable and necessary for pending work, supported by substantial evidence and legal principles. Regarding TDS, the ITAT agreed with the CIT(A) that TDS could not be deducted when payees were unidentified. However, the ITAT directed a 2% addition on suspicious purchases, acknowledging the need for some disallowance. The Revenue's appeal was partially allowed. en-us Mon, 19 Mar 2018 00:00:00 +0530 Tue, 20 Mar 2018 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357337 The Income Tax Appellate Tribunal (ITAT) upheld the decisions of the Commissioner of Income Tax (Appeals) [CIT(A)] in allowing provisions for expenses and non-deduction of Tax Deducted at Source (TDS) while modifying the decision on disallowance of purchases from suspicious suppliers. The ITAT found the provisions for expenses to be reasonable and necessary for pending work, supported by substantial evidence and legal principles. Regarding TDS, the ITAT agreed with the CIT(A) that TDS could not be deducted when payees were unidentified. However, the ITAT directed a 2% addition on suspicious purchases, acknowledging the need for some disallowance. The Revenue's appeal was partially allowed. Case-Laws Income Tax Mon, 19 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357337