https://www.taxtmi.com/caselaws?id=419490 The ITAT upheld the CIT(A)'s decisions on the first and third issues, allowing provisions for IBNR and IBNER claims under Section 37(1) and classifying expenditure on pen drives and laptop adapters as revenue expenditure. The ITAT remanded the matter regarding non-deduction of tax at source on co-insurance fees back to the AO for further examination of agreements to determine the applicability of Section 194H, partially allowing the AO's appeal. en-us Tue, 08 Mar 2022 00:00:00 +0530 Fri, 11 Mar 2022 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419490 The ITAT upheld the CIT(A)'s decisions on the first and third issues, allowing provisions for IBNR and IBNER claims under Section 37(1) and classifying expenditure on pen drives and laptop adapters as revenue expenditure. The ITAT remanded the matter regarding non-deduction of tax at source on co-insurance fees back to the AO for further examination of agreements to determine the applicability of Section 194H, partially allowing the AO's appeal. Case-Laws Income Tax Tue, 08 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419490