https://www.taxtmi.com/caselaws?id=313222 The ITAT dismissed both the Revenue's appeals and the assessee's cross-objections, except for the disallowance under section 40(a)(ia), which was remanded to the AO for further verification. The ITAT upheld the CIT(A)'s decision to delete the addition related to unexplained purchases and confirmed other additions made by the AO, including those under sections 40A(3) and 69C, as well as the disallowance of salary. The issue regarding non-deduction of tax from freight payments was sent back to the AO to reassess in accordance with the Visakhapatnam Special Bench decision. en-us Fri, 31 Aug 2012 00:00:00 +0530 Mon, 01 Apr 2024 16:53:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313222 The ITAT dismissed both the Revenue's appeals and the assessee's cross-objections, except for the disallowance under section 40(a)(ia), which was remanded to the AO for further verification. The ITAT upheld the CIT(A)'s decision to delete the addition related to unexplained purchases and confirmed other additions made by the AO, including those under sections 40A(3) and 69C, as well as the disallowance of salary. The issue regarding non-deduction of tax from freight payments was sent back to the AO to reassess in accordance with the Visakhapatnam Special Bench decision. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313222