https://www.taxtmi.com/caselaws?id=394191 The delay in filing the appeal was condoned by the tribunal due to bonafide reasons, allowing the appeal for adjudication. Regarding the disallowance under Section 43B of the Income Tax Act, the tribunal found that the reimbursement for property tax was contractual and not a statutory liability, thus deleting the disallowance and partly allowing the appeal. The judgment emphasizes the significance of contractual obligations in determining the allowability of expenses under tax laws. en-us Fri, 13 Mar 2020 00:00:00 +0530 Fri, 03 Apr 2020 13:09:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394191 The delay in filing the appeal was condoned by the tribunal due to bonafide reasons, allowing the appeal for adjudication. Regarding the disallowance under Section 43B of the Income Tax Act, the tribunal found that the reimbursement for property tax was contractual and not a statutory liability, thus deleting the disallowance and partly allowing the appeal. The judgment emphasizes the significance of contractual obligations in determining the allowability of expenses under tax laws. Case-Laws Income Tax Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394191