https://www.taxtmi.com/caselaws?id=297882 The court partially allowed the Revenue's appeal for statistical purposes. Various expenses disallowed by the Assessing Officer were upheld by the ITAT, as the Assessee had agreed to them during assessment proceedings. Disallowance of commission expenses, Kharajat expenses, unexplained cash credit, and outstanding credits were either partially reduced or deleted by the CIT(A) and ITAT due to lack of evidence or contradictory statements. The deletion of disallowance under sections 68 and 69A was remitted back to CIT(A) for fresh examination. The disallowance of interest chargeable on interest-free advance was deleted as the Revenue failed to establish a nexus. en-us Fri, 13 Dec 2013 00:00:00 +0530 Tue, 28 Sep 2021 10:58:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297882 The court partially allowed the Revenue's appeal for statistical purposes. Various expenses disallowed by the Assessing Officer were upheld by the ITAT, as the Assessee had agreed to them during assessment proceedings. Disallowance of commission expenses, Kharajat expenses, unexplained cash credit, and outstanding credits were either partially reduced or deleted by the CIT(A) and ITAT due to lack of evidence or contradictory statements. The deletion of disallowance under sections 68 and 69A was remitted back to CIT(A) for fresh examination. The disallowance of interest chargeable on interest-free advance was deleted as the Revenue failed to establish a nexus. Case-Laws Income Tax Fri, 13 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297882