https://www.taxtmi.com/caselaws?id=290368 The Tribunal partially allowed the assessee's appeal, remitting certain issues back to the AO for further examination and consideration of additional evidence and reconciliation statements. The disallowance of payment of liquidated damages for non-deduction of TDS under section 40(a)(ia) was allowed for statistical purposes based on a relevant decision of the Delhi High Court. The disallowance under section 40(a)(ia) for payments to various parties was dismissed as not pressed. The disallowance of interest amount was remitted back to the AO for fresh examination due to discrepancies in interest received and paid. The addition of the difference in stock found during a survey was also remitted for reevaluation after considering the reconciliation statement. en-us Fri, 20 Nov 2015 00:00:00 +0530 Tue, 22 Sep 2020 19:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290368 The Tribunal partially allowed the assessee's appeal, remitting certain issues back to the AO for further examination and consideration of additional evidence and reconciliation statements. The disallowance of payment of liquidated damages for non-deduction of TDS under section 40(a)(ia) was allowed for statistical purposes based on a relevant decision of the Delhi High Court. The disallowance under section 40(a)(ia) for payments to various parties was dismissed as not pressed. The disallowance of interest amount was remitted back to the AO for fresh examination due to discrepancies in interest received and paid. The addition of the difference in stock found during a survey was also remitted for reevaluation after considering the reconciliation statement. Case-Laws Income Tax Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290368