https://www.taxtmi.com/caselaws?id=755435 ITAT PUNE remanded multiple issues back to CIT(A)/NFAC for fresh consideration with reasoned orders. Regarding disallowance of provisions for routine expenses (audit fees, accounting charges, legal professional fees), the tribunal found CIT(A)/NFAC confirmed addition of Rs. 83,000 without cogent reasons, requiring remand for proper examination of assessee's submissions and evidence. For unsecured loans addition, CIT(A)/NFAC's order lacked independent application of mind and was influenced by AO's remand report without proper verification of creditor's creditworthiness from bank statements. On unexplained cash credit deletion, CIT(A)/NFAC failed to discuss factual evidence and remand report while deleting addition, violating natural justice principles requiring reasoned orders. Both assessee's and Revenue's appeals were partly allowed with directions for fresh adjudication. en-us Wed, 10 Jul 2024 00:00:00 +0530 Fri, 12 Jul 2024 08:37:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755435 ITAT PUNE remanded multiple issues back to CIT(A)/NFAC for fresh consideration with reasoned orders. Regarding disallowance of provisions for routine expenses (audit fees, accounting charges, legal professional fees), the tribunal found CIT(A)/NFAC confirmed addition of Rs. 83,000 without cogent reasons, requiring remand for proper examination of assessee's submissions and evidence. For unsecured loans addition, CIT(A)/NFAC's order lacked independent application of mind and was influenced by AO's remand report without proper verification of creditor's creditworthiness from bank statements. On unexplained cash credit deletion, CIT(A)/NFAC failed to discuss factual evidence and remand report while deleting addition, violating natural justice principles requiring reasoned orders. Both assessee's and Revenue's appeals were partly allowed with directions for fresh adjudication. Case-Laws Income Tax Wed, 10 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755435