https://www.taxtmi.com/caselaws?id=303760 The ITAT directed the matter back to the AO for fresh adjudication, emphasizing the need for a speaking order and thorough examination of additional evidences to verify sundry creditors and depreciation claims. The AO's disallowance of a claim as a bogus liability and depreciation was to be reevaluated in light of the additional evidences. The ITAT allowed the appeal for statistical purposes, instructing the Revenue authorities to consider the additional evidences and pass a speaking order with clear findings, while urging the assessee to cooperate and not delay the assessment proceedings. en-us Fri, 11 Mar 2016 00:00:00 +0530 Wed, 10 Aug 2022 09:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303760 The ITAT directed the matter back to the AO for fresh adjudication, emphasizing the need for a speaking order and thorough examination of additional evidences to verify sundry creditors and depreciation claims. The AO's disallowance of a claim as a bogus liability and depreciation was to be reevaluated in light of the additional evidences. The ITAT allowed the appeal for statistical purposes, instructing the Revenue authorities to consider the additional evidences and pass a speaking order with clear findings, while urging the assessee to cooperate and not delay the assessment proceedings. Case-Laws Income Tax Fri, 11 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303760