https://www.taxtmi.com/caselaws?id=403569 The Appellate Tribunal partially allowed the appeal, directing the Assessing Officer to delete additions related to franking charges, processing charges, and trade payables under section 41(1). The Tribunal emphasized the need for evidence and justification before disallowing expenses, noting that trade liabilities were valid and payable by the assessee. en-us Tue, 15 Dec 2020 00:00:00 +0530 Mon, 01 Feb 2021 13:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403569 The Appellate Tribunal partially allowed the appeal, directing the Assessing Officer to delete additions related to franking charges, processing charges, and trade payables under section 41(1). The Tribunal emphasized the need for evidence and justification before disallowing expenses, noting that trade liabilities were valid and payable by the assessee. Case-Laws Income Tax Tue, 15 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403569