https://www.taxtmi.com/caselaws?id=414263 The ITAT allowed the appeals regarding the disallowance of salary and rent payments to specified persons, directing the AO to delete the additions. The issues of long-term capital gain and bad debt were restored to the AO for fresh verification. The addition of unexplained capital was upheld, dismissing the appeal on this ground. The overall judgment resulted in ITA 1758/Ahd/2018 being allowed and ITA 1759/Ahd/2018 being partly allowed for statistical purposes. en-us Wed, 27 Oct 2021 00:00:00 +0530 Sat, 30 Oct 2021 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414263 The ITAT allowed the appeals regarding the disallowance of salary and rent payments to specified persons, directing the AO to delete the additions. The issues of long-term capital gain and bad debt were restored to the AO for fresh verification. The addition of unexplained capital was upheld, dismissing the appeal on this ground. The overall judgment resulted in ITA 1758/Ahd/2018 being allowed and ITA 1759/Ahd/2018 being partly allowed for statistical purposes. Case-Laws Income Tax Wed, 27 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414263