https://www.taxtmi.com/caselaws?id=443550 The Tribunal upheld the deletion of additions for unexplained liabilities as loan from Reliance Capital Ltd. and unexplained current liabilities, accepting the genuineness of the transactions and supporting documents. It set aside the enhancement of income by CIT(A) for non-deposit of TDS, citing jurisdictional limits. The issue of disallowance for non-deposit of job work expenses was not pursued, and the addition for increased liabilities towards interest payable was upheld by CIT(A). The assessee's appeal was allowed, and the Revenue's appeal was dismissed. en-us Fri, 22 Sep 2023 00:00:00 +0530 Wed, 27 Sep 2023 08:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443550 The Tribunal upheld the deletion of additions for unexplained liabilities as loan from Reliance Capital Ltd. and unexplained current liabilities, accepting the genuineness of the transactions and supporting documents. It set aside the enhancement of income by CIT(A) for non-deposit of TDS, citing jurisdictional limits. The issue of disallowance for non-deposit of job work expenses was not pursued, and the addition for increased liabilities towards interest payable was upheld by CIT(A). The assessee's appeal was allowed, and the Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 22 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443550