https://www.taxtmi.com/caselaws?id=397780 The ITAT overturned the dismissal of the appeal by the Ld. CIT (A) for not filing electronically, emphasizing the requirement for a reasoned order. It directed reevaluation of disallowances under section 80IC, stressing the need for proper justification. The ITAT disagreed with the disallowance of reimbursement of expenses under section 40(a) and royalty payments, allowing them as deductions. Additionally, it found the charge of interest under section 234B erroneous and ordered a reassessment. Overall, the ITAT allowed the appeal for statistical purposes, emphasizing fair assessment and due opportunities for the appellant. en-us Tue, 25 Aug 2020 00:00:00 +0530 Fri, 28 Aug 2020 19:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397780 The ITAT overturned the dismissal of the appeal by the Ld. CIT (A) for not filing electronically, emphasizing the requirement for a reasoned order. It directed reevaluation of disallowances under section 80IC, stressing the need for proper justification. The ITAT disagreed with the disallowance of reimbursement of expenses under section 40(a) and royalty payments, allowing them as deductions. Additionally, it found the charge of interest under section 234B erroneous and ordered a reassessment. Overall, the ITAT allowed the appeal for statistical purposes, emphasizing fair assessment and due opportunities for the appellant. Case-Laws Income Tax Tue, 25 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397780