https://www.taxtmi.com/caselaws?id=272601 The Tribunal dismissed the revenue's appeal regarding the addition of unconfirmed creditors under section 69 of the Income Tax Act, emphasizing that the creditors were old and did not pertain to the year under scrutiny. The Tribunal also remanded the issue of disallowance of salary and interest paid to partners for further examination of the supplementary partnership deed. Additionally, the Tribunal directed a fresh adjudication on the disallowance of expenses debited to the trading/profit and loss account, requiring the AO to review the books of account and supporting documents. The assessee's appeal was treated as allowed for statistical purposes. en-us Fri, 08 Jul 2011 00:00:00 +0530 Wed, 05 Apr 2023 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272601 The Tribunal dismissed the revenue's appeal regarding the addition of unconfirmed creditors under section 69 of the Income Tax Act, emphasizing that the creditors were old and did not pertain to the year under scrutiny. The Tribunal also remanded the issue of disallowance of salary and interest paid to partners for further examination of the supplementary partnership deed. Additionally, the Tribunal directed a fresh adjudication on the disallowance of expenses debited to the trading/profit and loss account, requiring the AO to review the books of account and supporting documents. The assessee's appeal was treated as allowed for statistical purposes. Case-Laws Income Tax Fri, 08 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272601