https://www.taxtmi.com/caselaws?id=402574 The ITAT Mumbai addressed a Miscellaneous Application by the assessee seeking to recall an order regarding disallowance under Section 40(a)(ia) of the Act. The Tribunal acknowledged a mistake apparent on record by not considering the precedent set in the Mahindra and Mahindra case. Recognizing the need for judicial consistency, the Tribunal modified its order to align with the Mahindra and Mahindra decision, directing the Assessing Officer to delete the disallowance for the assessee. The Tribunal's decision, pronounced on 05/01/2021, allowed the assessee's application and emphasized adherence to precedent judgments. en-us Tue, 05 Jan 2021 00:00:00 +0530 Wed, 30 Oct 2024 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402574 The ITAT Mumbai addressed a Miscellaneous Application by the assessee seeking to recall an order regarding disallowance under Section 40(a)(ia) of the Act. The Tribunal acknowledged a mistake apparent on record by not considering the precedent set in the Mahindra and Mahindra case. Recognizing the need for judicial consistency, the Tribunal modified its order to align with the Mahindra and Mahindra decision, directing the Assessing Officer to delete the disallowance for the assessee. The Tribunal's decision, pronounced on 05/01/2021, allowed the assessee's application and emphasized adherence to precedent judgments. Case-Laws Income Tax Tue, 05 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402574