https://www.taxtmi.com/caselaws?id=337483 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decisions on all three issues: disallowance under Section 40A(2)(b) of the Income Tax Act, 'Kharajat Expenses' disallowance, and shortage in groundnut oil and cottonseed oil. The Tribunal found the CIT(A)'s justifications reasonable, considering the business nature and quality requirements. The revenue's appeal was dismissed, affirming the deletions and disallowances made by the CIT(A) as appropriate and supported by the lack of specific defects or evidence for the Assessing Officer's disallowances. en-us Mon, 02 Jan 2017 00:00:00 +0530 Sun, 08 Jan 2017 19:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337483 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decisions on all three issues: disallowance under Section 40A(2)(b) of the Income Tax Act, 'Kharajat Expenses' disallowance, and shortage in groundnut oil and cottonseed oil. The Tribunal found the CIT(A)'s justifications reasonable, considering the business nature and quality requirements. The revenue's appeal was dismissed, affirming the deletions and disallowances made by the CIT(A) as appropriate and supported by the lack of specific defects or evidence for the Assessing Officer's disallowances. Case-Laws Income Tax Mon, 02 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337483