Tax Appeal: Genuine Expenses Not Recorded; Tax Liability Advanced, Not Postponed; Additions Deleted by Commissioner of Income Tax (Appeals).

Tax Appeal: Genuine Expenses Not Recorded; Tax Liability Advanced, Not Postponed; Additions Deleted by Commissioner of Income Tax (Appeals). https://www.taxtmi.com/highlights?id=64263 Genuineness of expenses - Liability accrued under development agreement was not provided for by the assessee in the books of account - As rightly concluded by the learned CIT(A), it was thus not a case of any postponement of tax liability by the assessee but was a case of preponement of tax liability. - Additions deleted - AT en-us Sat, 25 Jun 2022 10:57:29 +0530 Sat, 25 Jun 2022 10:57:29 +0530 TaxTMI RSS Generator Tax Appeal: Genuine Expenses Not Recorded; Tax Liability Advanced, Not Postponed; Additions Deleted by Commissioner of Income Tax (Appeals). https://www.taxtmi.com/highlights?id=64263 Genuineness of expenses - Liability accrued under development agreement was not provided for by the assessee in the books of account - As rightly concluded by the learned CIT(A), it was thus not a case of any postponement of tax liability by the assessee but was a case of preponement of tax liability. - Additions deleted - AT Highlights Income Tax Sat, 25 Jun 2022 10:57:29 +0530 https://www.taxtmi.com/highlights?id=64263