https://www.taxtmi.com/caselaws?id=238242 The ITAT upheld the CIT(A)'s decision in favor of the assessee, allowing the appeal regarding the disallowance of expenses claimed in income computation. The assessment based on P&L Account figures was deemed incorrect. The CIT(A)'s directions for appeal effect order modification were upheld, with the ITAT dismissing the revenue's appeal, affirming the decision in favor of the assessee. en-us Fri, 11 Oct 2013 00:00:00 +0530 Fri, 18 Oct 2013 22:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238242 The ITAT upheld the CIT(A)'s decision in favor of the assessee, allowing the appeal regarding the disallowance of expenses claimed in income computation. The assessment based on P&L Account figures was deemed incorrect. The CIT(A)'s directions for appeal effect order modification were upheld, with the ITAT dismissing the revenue's appeal, affirming the decision in favor of the assessee. Case-Laws Income Tax Fri, 11 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238242