https://www.taxtmi.com/caselaws?id=436861 The ITAT Raipur allowed the appeal of the assessee, setting aside the disallowance of Rs. 4,01,002 made by the AO under Sec. 40(b) of the Income-tax Act, 1961. The ITAT held that the non-mentioning of the remuneration amount in the audit report did not violate Sec. 40(b) provisions, thus deeming the disallowance unwarranted. Additionally, the ITAT directed the AO to rework the interest levied under Sec. 234B and 234C. en-us Tue, 18 Apr 2023 00:00:00 +0530 Sat, 22 Apr 2023 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436861 The ITAT Raipur allowed the appeal of the assessee, setting aside the disallowance of Rs. 4,01,002 made by the AO under Sec. 40(b) of the Income-tax Act, 1961. The ITAT held that the non-mentioning of the remuneration amount in the audit report did not violate Sec. 40(b) provisions, thus deeming the disallowance unwarranted. Additionally, the ITAT directed the AO to rework the interest levied under Sec. 234B and 234C. Case-Laws Income Tax Tue, 18 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436861