Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
The ITAT Pune held that disallowance u/s 143(1)(a)(iv) can only be made for expenditures indicated in the Audit Report but not considered in income computation. The gratuity payment, not indicated for disallowance, falls outside this provision. The ADIT's disallowance u/s 143(1)(a)(iv) was deemed beyond jurisdiction, leading to the assessee's appeal being allowed.
The ITAT Pune held that disallowance u/s 143(1)(a)(iv) can only be made for expenditures indicated in the Audit Report but not considered in income computation. The gratuity payment, not indicated for disallowance, falls outside this provision. The ADIT's disallowance u/s 143(1)(a)(iv) was deemed beyond jurisdiction, leading to the assessee's appeal being allowed.
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TaxTMI 
TaxTMI 
