https://www.taxtmi.com/caselaws?id=398026 The ITAT Delhi remitted the issue of disallowance of expenditure under unascertained trade liabilities back to the CIT(A) for fresh consideration, finding that the deletion was made without proper verification. The CIT(A)'s restriction of addition of Administrative & Employee expenses to 10% was set aside for reevaluation with proper scrutiny. The ITAT allowed the appeals for AYs 2012-13 & 2014-15 by the Revenue for statistical purposes due to general grounds of appeal. The misconceived ground of addition in AY 2014-15 was directed to be set aside for fresh consideration in the interest of justice. en-us Fri, 28 Aug 2020 00:00:00 +0530 Fri, 04 Sep 2020 18:24:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398026 The ITAT Delhi remitted the issue of disallowance of expenditure under unascertained trade liabilities back to the CIT(A) for fresh consideration, finding that the deletion was made without proper verification. The CIT(A)'s restriction of addition of Administrative & Employee expenses to 10% was set aside for reevaluation with proper scrutiny. The ITAT allowed the appeals for AYs 2012-13 & 2014-15 by the Revenue for statistical purposes due to general grounds of appeal. The misconceived ground of addition in AY 2014-15 was directed to be set aside for fresh consideration in the interest of justice. Case-Laws Income Tax Fri, 28 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398026