https://www.taxtmi.com/caselaws?id=215745 The Court upheld the disallowance under Section 40A (2) (b) of the IT Act, the addition of rent paid for hiring premises, and the claim of lease rentals/charges in favor of the revenue based on previous decisions. However, the Court found in favor of the appellant regarding the disallowance on account of a claim for discount, noting errors in the Tribunal's approach. The Court also ruled in favor of the revenue regarding the deduction under Section 80HH, emphasizing the need for proper verification. The appeal was allowed, directing further inquiry by the Assessing Officer in accordance with the law. en-us Mon, 06 Aug 2012 00:00:00 +0530 Thu, 16 Aug 2012 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215745 The Court upheld the disallowance under Section 40A (2) (b) of the IT Act, the addition of rent paid for hiring premises, and the claim of lease rentals/charges in favor of the revenue based on previous decisions. However, the Court found in favor of the appellant regarding the disallowance on account of a claim for discount, noting errors in the Tribunal's approach. The Court also ruled in favor of the revenue regarding the deduction under Section 80HH, emphasizing the need for proper verification. The appeal was allowed, directing further inquiry by the Assessing Officer in accordance with the law. Case-Laws Income Tax Mon, 06 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215745