https://www.taxtmi.com/caselaws?id=395398 The tribunal partly allowed the appeal, directing the deletion of disallowances and additions sustained by the CIT(A) under sections 40A(3) and 153C of the Income Tax Act. The tribunal found that the expenses in question were not claimed as deductions but were part of the capital work in progress account, leading to the reversal of the disallowances. Additionally, the reliance on seized material without nexus to the appellant's case was deemed unjustified, resulting in the deletion of related disallowances. en-us Wed, 08 Jan 2020 00:00:00 +0530 Wed, 20 May 2020 09:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395398 The tribunal partly allowed the appeal, directing the deletion of disallowances and additions sustained by the CIT(A) under sections 40A(3) and 153C of the Income Tax Act. The tribunal found that the expenses in question were not claimed as deductions but were part of the capital work in progress account, leading to the reversal of the disallowances. Additionally, the reliance on seized material without nexus to the appellant's case was deemed unjustified, resulting in the deletion of related disallowances. Case-Laws Income Tax Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395398