The ITAT addressed two key tax issues involving expense...

The ITAT addressed two key tax issues involving expense disallowance. Regarding bonus expenses under Section 43B, the tribunal directed the Jurisdictional Assessment Officer to allow deductions upon verification of supporting documentary evidence. Concerning interest payments under the MSMED Act, the tribunal found that the CPC's disallowance constituted an improper double disallowance, as the assessee had already self-disallowed the amounts during return filing. The tribunal restored the matter to the assessment officer for appropriate reconsideration, effectively allowing the ground for statistical purposes and preventing redundant tax treatment.