https://www.taxtmi.com/caselaws?id=388382 The Tribunal set aside the CIT(A)'s decision to add sundry creditors totaling Rs. 11,69,600, finding the addition unjustified due to regular transactions, lack of book rejection, and past assessments. Additionally, the Tribunal directed the deletion of the Rs. 80,000 lumpsum disallowance of freight expenses, citing insufficient justification. Regarding the Rs. 60,000 disallowance for low household withdrawal, the Tribunal reduced it to Rs. 30,000, deeming the initial amount excessive. The appeal was partially allowed based on these findings. en-us Thu, 22 Aug 2019 00:00:00 +0530 Thu, 14 Nov 2019 14:35:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388382 The Tribunal set aside the CIT(A)'s decision to add sundry creditors totaling Rs. 11,69,600, finding the addition unjustified due to regular transactions, lack of book rejection, and past assessments. Additionally, the Tribunal directed the deletion of the Rs. 80,000 lumpsum disallowance of freight expenses, citing insufficient justification. Regarding the Rs. 60,000 disallowance for low household withdrawal, the Tribunal reduced it to Rs. 30,000, deeming the initial amount excessive. The appeal was partially allowed based on these findings. Case-Laws Income Tax Thu, 22 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388382