https://www.taxtmi.com/caselaws?id=435231 The appellate tribunal upheld the decision of the CIT (Appeals) to confirm the Assessing Officer's order, assessing the income at Rs.84,10,139 for the Assessment Year 2014-15. The additions made under section 41(1) for disallowed expenses and outstanding balances of creditors and liabilities were sustained due to the appellant's failure to provide necessary confirmations and evidence, resulting in the liabilities being deemed to have ceased to exist. The tribunal found no grounds to interfere with the decisions, ultimately dismissing the appeal of the assessee. en-us Tue, 14 Mar 2023 00:00:00 +0530 Wed, 15 Mar 2023 08:27:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435231 The appellate tribunal upheld the decision of the CIT (Appeals) to confirm the Assessing Officer's order, assessing the income at Rs.84,10,139 for the Assessment Year 2014-15. The additions made under section 41(1) for disallowed expenses and outstanding balances of creditors and liabilities were sustained due to the appellant's failure to provide necessary confirmations and evidence, resulting in the liabilities being deemed to have ceased to exist. The tribunal found no grounds to interfere with the decisions, ultimately dismissing the appeal of the assessee. Case-Laws Income Tax Tue, 14 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435231