https://www.taxtmi.com/caselaws?id=444690 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of Rs. 16,73,32,769/- related to provision of expenses, affirming the consistency and revenue-neutral nature of the method used by the assessee. The disallowance under Section 40(a)(ia) was partly confirmed but remanded to the AO for specific verification. The adjustment under Section 115JB was dismissed following the upheld deletion. The late deposit of ESIC contributions was not contested by the assessee. Interest under Sections 234A and 234B, and the initiation of penalty proceedings under Section 271(1)(c), were confirmed. The assessee's appeal was partly allowed for statistical purposes, while the Department's appeal was dismissed. en-us Fri, 25 Aug 2023 00:00:00 +0530 Thu, 19 Oct 2023 13:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444690 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of Rs. 16,73,32,769/- related to provision of expenses, affirming the consistency and revenue-neutral nature of the method used by the assessee. The disallowance under Section 40(a)(ia) was partly confirmed but remanded to the AO for specific verification. The adjustment under Section 115JB was dismissed following the upheld deletion. The late deposit of ESIC contributions was not contested by the assessee. Interest under Sections 234A and 234B, and the initiation of penalty proceedings under Section 271(1)(c), were confirmed. The assessee's appeal was partly allowed for statistical purposes, while the Department's appeal was dismissed. Case-Laws Income Tax Fri, 25 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444690