https://www.taxtmi.com/caselaws?id=186143 The Tribunal allowed the assessee's appeal on the disallowance of winning payments, citing previous favorable ITAT orders. The disallowance under Section 40A(3) was partially upheld, with directions to the AO for re-computation considering business requirements. The reopening of assessment under Section 143(3) was deemed valid, following precedent. The disallowance for non-deduction of tax under Section 40(a)(ia) was referred back to the AO for further examination. The Tribunal allowed some appeals for statistical purposes and directed re-examination of specific issues for re-computation of disallowances. en-us Wed, 07 Mar 2012 00:00:00 +0530 Tue, 29 Aug 2017 08:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186143 The Tribunal allowed the assessee's appeal on the disallowance of winning payments, citing previous favorable ITAT orders. The disallowance under Section 40A(3) was partially upheld, with directions to the AO for re-computation considering business requirements. The reopening of assessment under Section 143(3) was deemed valid, following precedent. The disallowance for non-deduction of tax under Section 40(a)(ia) was referred back to the AO for further examination. The Tribunal allowed some appeals for statistical purposes and directed re-examination of specific issues for re-computation of disallowances. Case-Laws Income Tax Wed, 07 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186143