https://www.taxtmi.com/caselaws?id=774590 ITAT Delhi dismissed revenue's appeal and partially allowed assessee's appeal. The tribunal deleted addition of Rs. 14,28,495/- for lower GP estimation as AO failed to provide comparable details and no adjustments were made in earlier years. Addition under Section 41(1)(a) for four foreign creditors was deleted as payments were made through banking channels with RBI approval and supporting documentation was provided. CIT(A)'s decision on interest to partner was upheld. However, addition for three sundry creditors was deleted as transactions were genuine and regular, while addition for one creditor (Sabar International) was sustained as assessee remained silent. en-us Fri, 06 Jun 2025 00:00:00 +0530 Fri, 11 Jul 2025 08:39:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774590 ITAT Delhi dismissed revenue's appeal and partially allowed assessee's appeal. The tribunal deleted addition of Rs. 14,28,495/- for lower GP estimation as AO failed to provide comparable details and no adjustments were made in earlier years. Addition under Section 41(1)(a) for four foreign creditors was deleted as payments were made through banking channels with RBI approval and supporting documentation was provided. CIT(A)'s decision on interest to partner was upheld. However, addition for three sundry creditors was deleted as transactions were genuine and regular, while addition for one creditor (Sabar International) was sustained as assessee remained silent. Case-Laws Income Tax Fri, 06 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774590