https://www.taxtmi.com/caselaws?id=278299 The Tribunal partly allowed the appeal, upholding the ad-hoc disallowance of Rs. 5,00,000 related to inflated purchases and expenses while deleting the additions under sections 36(1)(iii) and 68 of the Income-tax Act. The Tribunal did not address the grounds concerning compliance with previous ITAT directions and the levy of interest under sections 234A, 234B, and 234C. The decision was rendered on March 31, 2016. en-us Thu, 31 Mar 2016 00:00:00 +0530 Thu, 24 Jan 2019 07:20:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278299 The Tribunal partly allowed the appeal, upholding the ad-hoc disallowance of Rs. 5,00,000 related to inflated purchases and expenses while deleting the additions under sections 36(1)(iii) and 68 of the Income-tax Act. The Tribunal did not address the grounds concerning compliance with previous ITAT directions and the levy of interest under sections 234A, 234B, and 234C. The decision was rendered on March 31, 2016. Case-Laws Income Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278299