https://www.taxtmi.com/caselaws?id=425454 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. The disallowance of alleged bogus freight expenses was reduced to Rs.23,00,000 based on comparative analysis. The addition on account of alleged bogus liabilities was deleted as the genuineness of creditors was established. The addition for unexplained gift and unexplained cash credit was also deleted due to misunderstandings by the AO. The disallowance for non-deduction of TDS on dumper hire charges was deleted as TDS was deducted and paid before the return filing deadline. en-us Wed, 20 Jul 2022 00:00:00 +0530 Sat, 23 Jul 2022 09:04:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425454 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. The disallowance of alleged bogus freight expenses was reduced to Rs.23,00,000 based on comparative analysis. The addition on account of alleged bogus liabilities was deleted as the genuineness of creditors was established. The addition for unexplained gift and unexplained cash credit was also deleted due to misunderstandings by the AO. The disallowance for non-deduction of TDS on dumper hire charges was deleted as TDS was deducted and paid before the return filing deadline. Case-Laws Income Tax Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425454