https://www.taxtmi.com/caselaws?id=387949 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's cross-objection. The additions made by the AO were largely deleted or reduced by the CIT(A) and upheld by the Tribunal based on explanations provided by the assessee and lack of evidence or proper summoning of creditors by the AO. The Tribunal also cited a Board Circular regarding withdrawal of appeals with tax effects below a certain threshold, and followed a decision of the Delhi High Court in allowing the deduction of interest paid to a bank without TDS. en-us Wed, 04 Sep 2019 00:00:00 +0530 Tue, 05 Nov 2019 15:45:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387949 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's cross-objection. The additions made by the AO were largely deleted or reduced by the CIT(A) and upheld by the Tribunal based on explanations provided by the assessee and lack of evidence or proper summoning of creditors by the AO. The Tribunal also cited a Board Circular regarding withdrawal of appeals with tax effects below a certain threshold, and followed a decision of the Delhi High Court in allowing the deduction of interest paid to a bank without TDS. Case-Laws Income Tax Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387949