https://www.taxtmi.com/caselaws?id=368763 The Tribunal partly allowed the appeal by overturning the addition of liabilities as bogus for M. Tewari, S. Tewari, and Md. Islam. The liabilities were deemed genuine based on creditor statements and transactions. The issue of interest income classification was remanded back to the AO for further assessment, as the Tribunal found a lack of clarity on the business connection of the interest income. The dismissal of the addition towards inspection charges was upheld as it was not pursued by the assessee. en-us Fri, 05 Oct 2018 00:00:00 +0530 Sat, 13 Oct 2018 15:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368763 The Tribunal partly allowed the appeal by overturning the addition of liabilities as bogus for M. Tewari, S. Tewari, and Md. Islam. The liabilities were deemed genuine based on creditor statements and transactions. The issue of interest income classification was remanded back to the AO for further assessment, as the Tribunal found a lack of clarity on the business connection of the interest income. The dismissal of the addition towards inspection charges was upheld as it was not pursued by the assessee. Case-Laws Income Tax Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368763