https://www.taxtmi.com/caselaws?id=428975 The Income Tax Appellate Tribunal (ITAT) dismissed the revenue's appeal and partially allowed the assessee's appeal. The ITAT upheld the disallowance of expenditure under section 40(a)(ia) for non-deduction of tax at source but directed the Assessing Officer to reconsider the addition under section 41(1) for the difference in balances with a creditor. The additions related to unsecured loan received and sundry creditors were deleted based on evidence provided. The ITAT's decision was pronounced on 29th September 2022. en-us Thu, 29 Sep 2022 00:00:00 +0530 Sat, 15 Oct 2022 09:10:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428975 The Income Tax Appellate Tribunal (ITAT) dismissed the revenue's appeal and partially allowed the assessee's appeal. The ITAT upheld the disallowance of expenditure under section 40(a)(ia) for non-deduction of tax at source but directed the Assessing Officer to reconsider the addition under section 41(1) for the difference in balances with a creditor. The additions related to unsecured loan received and sundry creditors were deleted based on evidence provided. The ITAT's decision was pronounced on 29th September 2022. Case-Laws Income Tax Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428975