https://www.taxtmi.com/caselaws?id=384211 ITAT deleted additions under s.68 and s.56(2)(viib) finding no evidence of routed payments or flawed valuation and held AO failed to apply valuation principles and Rule 11UA properly. Disallowance under s.40A(2)(b) for lease premium was set aside and remitted to AO to reconsider in light of the Tamil Nadu Buildings (Lease & Rent Control) Act for two leased properties, with fresh hearing. Disallowance under s.36(1)(va) for delayed PF/ESI contributions was set aside and remitted for AO to verify actual payment dates. Appeals by the assessee allowed for statistical purposes. en-us Fri, 14 Jun 2019 00:00:00 +0530 Sat, 27 Sep 2025 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384211 ITAT deleted additions under s.68 and s.56(2)(viib) finding no evidence of routed payments or flawed valuation and held AO failed to apply valuation principles and Rule 11UA properly. Disallowance under s.40A(2)(b) for lease premium was set aside and remitted to AO to reconsider in light of the Tamil Nadu Buildings (Lease & Rent Control) Act for two leased properties, with fresh hearing. Disallowance under s.36(1)(va) for delayed PF/ESI contributions was set aside and remitted for AO to verify actual payment dates. Appeals by the assessee allowed for statistical purposes. Case-Laws Income Tax Fri, 14 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384211