https://www.taxtmi.com/caselaws?id=429123 The Tribunal partly allowed the Revenue's appeal for statistical purposes, emphasizing the need for proper verification and examination of expenses and claims in compliance with the relevant tax provisions. The appeal for condonation of delay in filing by the Revenue was accepted, leading to admission for adjudication. The Tribunal directed the Assessing Officer to re-examine the business development expenses claimed by the assessee, setting aside the Commissioner's order. Additionally, the Tribunal rejected the Revenue's ground regarding the disallowance of gift expenditure under Sec.40(a)(ia) as the issue was already set aside for verification by the Commissioner. en-us Wed, 21 Sep 2022 00:00:00 +0530 Mon, 17 Oct 2022 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429123 The Tribunal partly allowed the Revenue's appeal for statistical purposes, emphasizing the need for proper verification and examination of expenses and claims in compliance with the relevant tax provisions. The appeal for condonation of delay in filing by the Revenue was accepted, leading to admission for adjudication. The Tribunal directed the Assessing Officer to re-examine the business development expenses claimed by the assessee, setting aside the Commissioner's order. Additionally, the Tribunal rejected the Revenue's ground regarding the disallowance of gift expenditure under Sec.40(a)(ia) as the issue was already set aside for verification by the Commissioner. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429123