https://www.taxtmi.com/caselaws?id=403282 The Tribunal upheld the disallowance of Rs. 2,65,40,195/- under Section 40A(2)(b) of the Income Tax Act, 1961, treating the expenditure as a paper entry. An error apparent on the face of the records was acknowledged regarding the Tribunal's consideration of submissions, leading to a reconsideration of Ground No. 2. The delay in pronouncement of the order due to the COVID-19 pandemic was deemed justified, with the lockdown period excluded from the 90-day limit. The matter was directed for fresh adjudication, and the order was pronounced on 14/12/2020. en-us Mon, 14 Dec 2020 00:00:00 +0530 Sat, 23 Jan 2021 10:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403282 The Tribunal upheld the disallowance of Rs. 2,65,40,195/- under Section 40A(2)(b) of the Income Tax Act, 1961, treating the expenditure as a paper entry. An error apparent on the face of the records was acknowledged regarding the Tribunal's consideration of submissions, leading to a reconsideration of Ground No. 2. The delay in pronouncement of the order due to the COVID-19 pandemic was deemed justified, with the lockdown period excluded from the 90-day limit. The matter was directed for fresh adjudication, and the order was pronounced on 14/12/2020. Case-Laws Income Tax Mon, 14 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403282