https://www.taxtmi.com/caselaws?id=401921 The case involved multiple issues related to tax deductions, disallowance of expenses, addition of outstanding creditors, depreciation, and gross profit adjustments. The outcome of the case resulted in the appeals of both the revenue and the assessee being partly allowed for statistical purposes. Some issues were restored to the Assessing Officer for fresh adjudication, while other additions were either confirmed or dismissed based on the merits of the case and relevant judicial precedents. en-us Fri, 11 Dec 2020 00:00:00 +0530 Fri, 18 Dec 2020 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401921 The case involved multiple issues related to tax deductions, disallowance of expenses, addition of outstanding creditors, depreciation, and gross profit adjustments. The outcome of the case resulted in the appeals of both the revenue and the assessee being partly allowed for statistical purposes. Some issues were restored to the Assessing Officer for fresh adjudication, while other additions were either confirmed or dismissed based on the merits of the case and relevant judicial precedents. Case-Laws Income Tax Fri, 11 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401921