https://www.taxtmi.com/caselaws?id=767697 ITAT Ahmedabad remanded multiple issues to AO for fresh verification. For Section 40(a)(ia) disallowance, if assessee furnishes valid Form 26A showing recipient paid tax on interest income, disallowance shall be deleted. Interest expense disallowance under Section 194A was remanded to verify Form 26A validity and whether recipients filed returns disclosing interest income. Section 43B addition for unpaid VAT liability was remanded to examine if liability was reversed in subsequent year without being claimed as expense. Section 68 addition for unsecured loans was remanded to verify loan repayments and genuineness of transactions. Section 69 addition for unexplained opening cash balance was remanded to examine certified balance sheet and supporting documents to verify if balance was genuinely carried forward from earlier years. en-us Wed, 19 Mar 2025 00:00:00 +0530 Sat, 22 Mar 2025 08:34:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767697 ITAT Ahmedabad remanded multiple issues to AO for fresh verification. For Section 40(a)(ia) disallowance, if assessee furnishes valid Form 26A showing recipient paid tax on interest income, disallowance shall be deleted. Interest expense disallowance under Section 194A was remanded to verify Form 26A validity and whether recipients filed returns disclosing interest income. Section 43B addition for unpaid VAT liability was remanded to examine if liability was reversed in subsequent year without being claimed as expense. Section 68 addition for unsecured loans was remanded to verify loan repayments and genuineness of transactions. Section 69 addition for unexplained opening cash balance was remanded to examine certified balance sheet and supporting documents to verify if balance was genuinely carried forward from earlier years. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767697