https://www.taxtmi.com/caselaws?id=284913 The High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) to set aside the re-assessment for AY 2004-05 under Section 260A of the Income Tax Act, 1961. The re-assessment, based on alleged bogus claims for payments made towards services rendered, was deemed invalid due to procedural irregularities and lack of merit in the additions made. The Court emphasized the importance of verifying the genuineness of claims and dismissed the appeal, stating that no substantial question of law arose as the additions were not sustainable on merits, in line with a similar case for AY 2002-03. en-us Fri, 23 Feb 2018 00:00:00 +0530 Tue, 17 Dec 2019 09:39:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284913 The High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) to set aside the re-assessment for AY 2004-05 under Section 260A of the Income Tax Act, 1961. The re-assessment, based on alleged bogus claims for payments made towards services rendered, was deemed invalid due to procedural irregularities and lack of merit in the additions made. The Court emphasized the importance of verifying the genuineness of claims and dismissed the appeal, stating that no substantial question of law arose as the additions were not sustainable on merits, in line with a similar case for AY 2002-03. Case-Laws Income Tax Fri, 23 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284913