https://www.taxtmi.com/caselaws?id=437935 The appeal by the revenue under Section 260A of the Income Tax Act, 1961, was dismissed by the HC. The court upheld the Income Tax Appellate Tribunal's decision, which found no substantial questions of law in the revenue's challenge regarding the genuineness of the assessee's expenditure on free medicine distribution during a flood. The Tribunal noted that the Assessing Officer's conclusions were unsupported by the records and relied on unexamined statements. Consequently, the application for a stay was also rejected. en-us Mon, 08 May 2023 00:00:00 +0530 Thu, 11 Jan 2024 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437935 The appeal by the revenue under Section 260A of the Income Tax Act, 1961, was dismissed by the HC. The court upheld the Income Tax Appellate Tribunal's decision, which found no substantial questions of law in the revenue's challenge regarding the genuineness of the assessee's expenditure on free medicine distribution during a flood. The Tribunal noted that the Assessing Officer's conclusions were unsupported by the records and relied on unexamined statements. Consequently, the application for a stay was also rejected. Case-Laws Income Tax Mon, 08 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437935