https://www.taxtmi.com/caselaws?id=310146 The Tribunal allowed the appeal against the addition under section 35AD of the Income Tax Act, ruling in favor of the assessee. The Tribunal emphasized the eligibility criteria for deductions under Section 35AD and found no justification in denying the deduction. The case was remanded back to the AO for further proceedings in line with a previous order that favored the assessee, highlighting the importance of correctly interpreting the law for rightful entitlement to deductions under the Income Tax Act. en-us Thu, 03 Oct 2019 00:00:00 +0530 Mon, 09 Oct 2023 12:12:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310146 The Tribunal allowed the appeal against the addition under section 35AD of the Income Tax Act, ruling in favor of the assessee. The Tribunal emphasized the eligibility criteria for deductions under Section 35AD and found no justification in denying the deduction. The case was remanded back to the AO for further proceedings in line with a previous order that favored the assessee, highlighting the importance of correctly interpreting the law for rightful entitlement to deductions under the Income Tax Act. Case-Laws Income Tax Thu, 03 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310146