https://www.taxtmi.com/caselaws?id=758716 ITAT Kolkata allowed the assessee's appeal partly, deleting additions made u/s 68 for unexplained credits. The tribunal found that amounts were legitimate business payments to contractors with proper documentation including TDS certificates and accountant certifications. For trading liabilities, additions were deleted where the assessee provided adequate evidence, but for two parties where documentation was insufficient due to damaged records, the addition was restricted to 50% of the original amount assessed by the AO. en-us Tue, 10 Sep 2024 00:00:00 +0530 Wed, 18 Sep 2024 07:53:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758716 ITAT Kolkata allowed the assessee's appeal partly, deleting additions made u/s 68 for unexplained credits. The tribunal found that amounts were legitimate business payments to contractors with proper documentation including TDS certificates and accountant certifications. For trading liabilities, additions were deleted where the assessee provided adequate evidence, but for two parties where documentation was insufficient due to damaged records, the addition was restricted to 50% of the original amount assessed by the AO. Case-Laws Income Tax Tue, 10 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758716