https://www.taxtmi.com/caselaws?id=419977 The Tribunal set aside the decision of the lower authorities and allowed the appellant's appeal regarding the disallowance of expenditure under section 143(1) of the Income Tax Act, 1961. It emphasized the importance of providing the appellant with an opportunity to be heard before disallowing any expenditure, stating that debatable claims cannot be rejected through an intimation under section 143(1). The judgment highlighted the necessity of procedural fairness and adherence to legal principles in such matters, ultimately ruling in favor of the appellant and overturning the previous decisions. en-us Fri, 04 Mar 2022 00:00:00 +0530 Thu, 24 Mar 2022 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419977 The Tribunal set aside the decision of the lower authorities and allowed the appellant's appeal regarding the disallowance of expenditure under section 143(1) of the Income Tax Act, 1961. It emphasized the importance of providing the appellant with an opportunity to be heard before disallowing any expenditure, stating that debatable claims cannot be rejected through an intimation under section 143(1). The judgment highlighted the necessity of procedural fairness and adherence to legal principles in such matters, ultimately ruling in favor of the appellant and overturning the previous decisions. Case-Laws Income Tax Fri, 04 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419977