https://www.taxtmi.com/caselaws?id=421652 The ITAT allowed the appeal, directing the AO to verify the actual transactions with Kadam to determine the applicability of the disallowance under section 36(1)(iii) of the Income Tax Act. The case was remanded for further examination regarding the nature of the outstanding amount, emphasizing the need to establish whether any advance was actually made to Kadam. en-us Wed, 27 Apr 2022 00:00:00 +0530 Fri, 29 Apr 2022 08:18:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421652 The ITAT allowed the appeal, directing the AO to verify the actual transactions with Kadam to determine the applicability of the disallowance under section 36(1)(iii) of the Income Tax Act. The case was remanded for further examination regarding the nature of the outstanding amount, emphasizing the need to establish whether any advance was actually made to Kadam. Case-Laws Income Tax Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421652