https://www.taxtmi.com/caselaws?id=378118 The Tribunal allowed the assessee's appeal regarding the disallowance under Section 14A of the Income Tax Act, directing the AO to delete the disallowance amount. The Tribunal upheld the CIT(A)'s decision to delete the addition on account of unchanged sundry creditors, emphasizing that stagnant liabilities do not cease to exist without evidence. However, the issue of compensation payment was set aside for further verification by the AO, partially allowing the AO's appeal for statistical purposes. en-us Fri, 05 Apr 2019 00:00:00 +0530 Mon, 08 Apr 2019 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378118 The Tribunal allowed the assessee's appeal regarding the disallowance under Section 14A of the Income Tax Act, directing the AO to delete the disallowance amount. The Tribunal upheld the CIT(A)'s decision to delete the addition on account of unchanged sundry creditors, emphasizing that stagnant liabilities do not cease to exist without evidence. However, the issue of compensation payment was set aside for further verification by the AO, partially allowing the AO's appeal for statistical purposes. Case-Laws Income Tax Fri, 05 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378118