https://www.taxtmi.com/caselaws?id=416813 The Tribunal partly allowed the appeal by the assessee for statistical purposes. It admitted additional evidence regarding sundry creditors' balances under section 41(1) of the Income-tax Act, 1961, setting aside the CIT(A)'s order and remanding the issue for fresh examination. However, the disallowance under section 40A(3) of the Act was confirmed due to the lack of material to contest it. Additionally, the addition on account of differences between books and VAT statements was upheld as the assessee failed to reconcile the discrepancy. en-us Wed, 29 Dec 2021 00:00:00 +0530 Sat, 08 Jan 2022 09:49:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416813 The Tribunal partly allowed the appeal by the assessee for statistical purposes. It admitted additional evidence regarding sundry creditors' balances under section 41(1) of the Income-tax Act, 1961, setting aside the CIT(A)'s order and remanding the issue for fresh examination. However, the disallowance under section 40A(3) of the Act was confirmed due to the lack of material to contest it. Additionally, the addition on account of differences between books and VAT statements was upheld as the assessee failed to reconcile the discrepancy. Case-Laws Income Tax Wed, 29 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416813