https://www.taxtmi.com/caselaws?id=338886 The ITAT remitted the issue of discrepancy in receipts due to VAT payment back to the assessing officer for re-examination, allowing the assessee's appeal for statistical purposes. The ITAT upheld the CIT(A)'s decision to delete the disallowance of royalty payment to directors under Section 40A(2)(b) of the Act, emphasizing the lack of unreasonable payment justification. Additionally, the ITAT upheld the CIT(A)'s decision to allow the deduction for treatment of expenditure on leased assets, dismissing the department's grounds. en-us Fri, 10 Feb 2017 00:00:00 +0530 Tue, 14 Feb 2017 08:48:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338886 The ITAT remitted the issue of discrepancy in receipts due to VAT payment back to the assessing officer for re-examination, allowing the assessee's appeal for statistical purposes. The ITAT upheld the CIT(A)'s decision to delete the disallowance of royalty payment to directors under Section 40A(2)(b) of the Act, emphasizing the lack of unreasonable payment justification. Additionally, the ITAT upheld the CIT(A)'s decision to allow the deduction for treatment of expenditure on leased assets, dismissing the department's grounds. Case-Laws Income Tax Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338886