https://www.taxtmi.com/caselaws?id=427754 The ITAT Mumbai dismissed the Revenue's appeal against the Ld.CIT(A)'s order for the assessment year 2011-12, upholding the deletion of disallowances on overdraft interest and discounts on air tickets. The Ld.CIT(A) decision was supported by timely interest payments and deposits exceeding debits for overdraft interest, and the absence of evidence of additional payments received for discounts on air tickets. en-us Thu, 01 Sep 2022 00:00:00 +0530 Fri, 16 Sep 2022 08:13:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427754 The ITAT Mumbai dismissed the Revenue's appeal against the Ld.CIT(A)'s order for the assessment year 2011-12, upholding the deletion of disallowances on overdraft interest and discounts on air tickets. The Ld.CIT(A) decision was supported by timely interest payments and deposits exceeding debits for overdraft interest, and the absence of evidence of additional payments received for discounts on air tickets. Case-Laws Income Tax Thu, 01 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427754