https://www.taxtmi.com/caselaws?id=280739 The Revenue's appeal against the deletion of an addition made by the Assessing Officer for disallowance of expenditure as capital expenditure and on gifts during the festive season was dismissed. The Tribunal upheld the Ld. CIT (A)'s decisions, stating the AO's actions were not justified based on ICAI guidance notes for real estate transactions. The disallowances were deemed incorrect, leading to the dismissal of both appeals. en-us Mon, 12 Nov 2018 00:00:00 +0530 Sun, 19 May 2019 12:07:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280739 The Revenue's appeal against the deletion of an addition made by the Assessing Officer for disallowance of expenditure as capital expenditure and on gifts during the festive season was dismissed. The Tribunal upheld the Ld. CIT (A)'s decisions, stating the AO's actions were not justified based on ICAI guidance notes for real estate transactions. The disallowances were deemed incorrect, leading to the dismissal of both appeals. Case-Laws Income Tax Mon, 12 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280739