https://www.taxtmi.com/caselaws?id=380430 The Tribunal allowed the appeal of the assessee, a registered society, in a case involving the allowability of Global Trade Development (GTD) expenses and a computation error in the assessment order. The Tribunal found that the GTD expenses were aimed at benefiting the IT industry, supported by government grants, and had been consistently allowed in other years. It also noted a violation of principles of natural justice as the assessee was not given an opportunity to explain the computational error. The impugned order under Section 263 of the Income Tax Act was quashed, and the appeal was allowed on 17.05.2019. en-us Fri, 17 May 2019 00:00:00 +0530 Wed, 02 Nov 2022 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380430 The Tribunal allowed the appeal of the assessee, a registered society, in a case involving the allowability of Global Trade Development (GTD) expenses and a computation error in the assessment order. The Tribunal found that the GTD expenses were aimed at benefiting the IT industry, supported by government grants, and had been consistently allowed in other years. It also noted a violation of principles of natural justice as the assessee was not given an opportunity to explain the computational error. The impugned order under Section 263 of the Income Tax Act was quashed, and the appeal was allowed on 17.05.2019. Case-Laws Income Tax Fri, 17 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380430