https://www.taxtmi.com/caselaws?id=365277 The Tribunal dismissed the Department's appeal based on the monetary limits set by CBDT Circular No. 3/2018. The Tribunal upheld the CIT(A)'s decision to allow expenses under Section 43B due to WCT deductions by customers. The addition under Section 68 was deleted as the tax effect was below the threshold. The Tribunal did not delve into the issue of ignoring the Kerala High Court decision due to the same monetary limits. Additionally, the Tribunal did not specifically address the admission of additional evidence by the CIT(A). en-us Tue, 31 Jul 2018 00:00:00 +0530 Tue, 14 Aug 2018 07:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365277 The Tribunal dismissed the Department's appeal based on the monetary limits set by CBDT Circular No. 3/2018. The Tribunal upheld the CIT(A)'s decision to allow expenses under Section 43B due to WCT deductions by customers. The addition under Section 68 was deleted as the tax effect was below the threshold. The Tribunal did not delve into the issue of ignoring the Kerala High Court decision due to the same monetary limits. Additionally, the Tribunal did not specifically address the admission of additional evidence by the CIT(A). Case-Laws Income Tax Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365277