https://www.taxtmi.com/caselaws?id=391527 ITAT CUTTACK - AT held that confirmations from sundry creditors warranted deletion of Rs.21,42,479 of the addition, leaving Rs.42,969 confirmed. Deletion of a Rs.3,00,000 loan addition was directed where identity documents were produced; a Rs.5,00,000 loan addition was confirmed for lack of proof. Disallowance under section 40(a)(ia) was to be restricted to 30% (not 100%). Ad hoc disallowances for staff tiffin, fuel, direct labour and direct expenses were deleted. Addition under s.43B for unpaid taxes was sustained. RTO expense claim was allowed. Penalty under s.271D (contravention of s.269SS) was deleted. en-us Tue, 28 Jan 2020 00:00:00 +0530 Fri, 22 Aug 2025 22:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391527 ITAT CUTTACK - AT held that confirmations from sundry creditors warranted deletion of Rs.21,42,479 of the addition, leaving Rs.42,969 confirmed. Deletion of a Rs.3,00,000 loan addition was directed where identity documents were produced; a Rs.5,00,000 loan addition was confirmed for lack of proof. Disallowance under section 40(a)(ia) was to be restricted to 30% (not 100%). Ad hoc disallowances for staff tiffin, fuel, direct labour and direct expenses were deleted. Addition under s.43B for unpaid taxes was sustained. RTO expense claim was allowed. Penalty under s.271D (contravention of s.269SS) was deleted. Case-Laws Income Tax Tue, 28 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391527