https://www.taxtmi.com/caselaws?id=178577 The Tribunal ruled in favor of the assessee in a tax dispute case. The disallowance of expenses by the Assessing Officer and CIT(A) was overturned as no valid grounds under section 145(3) were invoked. The addition on unexplained loans and creditors was deleted due to lack of evidence for the relevant year. The disallowance of deduction under section 80IB was reversed, emphasizing the assessee's compliance with conditions and past consistency. The appeal was allowed, and the deductions were permitted. en-us Tue, 02 Sep 2014 00:00:00 +0530 Tue, 09 Feb 2016 10:23:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178577 The Tribunal ruled in favor of the assessee in a tax dispute case. The disallowance of expenses by the Assessing Officer and CIT(A) was overturned as no valid grounds under section 145(3) were invoked. The addition on unexplained loans and creditors was deleted due to lack of evidence for the relevant year. The disallowance of deduction under section 80IB was reversed, emphasizing the assessee's compliance with conditions and past consistency. The appeal was allowed, and the deductions were permitted. Case-Laws Income Tax Tue, 02 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178577