https://www.taxtmi.com/caselaws?id=248503 The High Court dismissed the revenue's appeal, upholding the Income Tax Appellate Tribunal's decisions on both issues. The addition made on account of disallowances under section 40A(3) of the Income Tax Act was deleted in favor of the assessee, citing a previous judgment supporting the gross profit rate computation. Additionally, the Court agreed with the Tribunal's justification for not charging interest under Section 158BFA(1) for late filing of the return, attributing the delay to the department's failure to provide necessary documents promptly. en-us Fri, 02 May 2014 00:00:00 +0530 Sat, 14 Jun 2014 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248503 The High Court dismissed the revenue's appeal, upholding the Income Tax Appellate Tribunal's decisions on both issues. The addition made on account of disallowances under section 40A(3) of the Income Tax Act was deleted in favor of the assessee, citing a previous judgment supporting the gross profit rate computation. Additionally, the Court agreed with the Tribunal's justification for not charging interest under Section 158BFA(1) for late filing of the return, attributing the delay to the department's failure to provide necessary documents promptly. Case-Laws Income Tax Fri, 02 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248503