https://www.taxtmi.com/caselaws?id=365781 The Tribunal dismissed the grounds challenging the validity of the assessment order and upheld the CIT(A)'s enhancement of income by disallowing deductions. The deduction under section 80IB(11C) on amounts surrendered during the survey was disallowed due to lack of evidence. Disallowance under section 40(a)(ia) for non-deduction of TDS was partly allowed based on deductees' disclosures. The penalty imposed under section 271(1)(c) was deleted due to defects in the penalty notice. In a separate appeal, the addition for non-deduction of TDS was also deleted. Overall, some grounds were partly allowed, while others were dismissed or allowed. en-us Tue, 21 Aug 2018 00:00:00 +0530 Thu, 23 Aug 2018 09:36:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365781 The Tribunal dismissed the grounds challenging the validity of the assessment order and upheld the CIT(A)'s enhancement of income by disallowing deductions. The deduction under section 80IB(11C) on amounts surrendered during the survey was disallowed due to lack of evidence. Disallowance under section 40(a)(ia) for non-deduction of TDS was partly allowed based on deductees' disclosures. The penalty imposed under section 271(1)(c) was deleted due to defects in the penalty notice. In a separate appeal, the addition for non-deduction of TDS was also deleted. Overall, some grounds were partly allowed, while others were dismissed or allowed. Case-Laws Income Tax Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365781