https://www.taxtmi.com/caselaws?id=417829 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of provision for ex-gratia payments, confirming compliance with Rule 46A of the Income Tax Rules. It was determined that the CIT(A) appropriately provided an opportunity to the assessing officer and that rectification under section 154 of the Income Tax Act was applicable. Consequently, the Revenue's appeal for the Assessment Year 2016-17 was dismissed, affirming the CIT(A)'s order. en-us Mon, 31 Jan 2022 00:00:00 +0530 Wed, 02 Feb 2022 08:45:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417829 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of provision for ex-gratia payments, confirming compliance with Rule 46A of the Income Tax Rules. It was determined that the CIT(A) appropriately provided an opportunity to the assessing officer and that rectification under section 154 of the Income Tax Act was applicable. Consequently, the Revenue's appeal for the Assessment Year 2016-17 was dismissed, affirming the CIT(A)'s order. Case-Laws Income Tax Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417829