https://www.taxtmi.com/caselaws?id=436052 The Revenue's appeal against the deletion of understated income and undisclosed lease rental income was remitted back to the Assessing Officer for detailed verification as the CIT(A) did not follow Rule 46A. The issue of prior period expenses disallowance was also remitted for fresh adjudication due to improper verification. The disallowance of guarantee commission was upheld, with the Tribunal requesting evidence of payment. Contributions to recognized provident fund were confirmed to be disallowed until remittance to the fund. The Tribunal remitted certain issues back for fresh consideration and directed a reexamination of the overstatement of expenditure. All appeals were allowed for statistical purposes. en-us Fri, 06 Jan 2023 00:00:00 +0530 Tue, 04 Apr 2023 08:29:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436052 The Revenue's appeal against the deletion of understated income and undisclosed lease rental income was remitted back to the Assessing Officer for detailed verification as the CIT(A) did not follow Rule 46A. The issue of prior period expenses disallowance was also remitted for fresh adjudication due to improper verification. The disallowance of guarantee commission was upheld, with the Tribunal requesting evidence of payment. Contributions to recognized provident fund were confirmed to be disallowed until remittance to the fund. The Tribunal remitted certain issues back for fresh consideration and directed a reexamination of the overstatement of expenditure. All appeals were allowed for statistical purposes. Case-Laws Income Tax Fri, 06 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436052