https://www.taxtmi.com/caselaws?id=346307 The Tribunal upheld the CIT(A)'s decision on the regular business profit but reversed the decision regarding the additional income, applying Explanation 5A to section 271(1)(c). The Tribunal also remanded the disallowance under section 40(a)(ia) to the AO for further verification. The Revenue's appeal was disposed of on these terms. en-us Tue, 06 Jun 2017 00:00:00 +0530 Thu, 28 Feb 2019 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346307 The Tribunal upheld the CIT(A)'s decision on the regular business profit but reversed the decision regarding the additional income, applying Explanation 5A to section 271(1)(c). The Tribunal also remanded the disallowance under section 40(a)(ia) to the AO for further verification. The Revenue's appeal was disposed of on these terms. Case-Laws Income Tax Tue, 06 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346307