https://www.taxtmi.com/caselaws?id=446050 The ITAT Delhi partially allowed the appeal of the assessee. It ruled in favor of the assessee regarding the disallowance of brokerage expenses and the denial of deduction under section 80-IAB, referencing prior decisions and legal provisions. The penalty proceedings under section 271(1)(c) were dismissed as not pressed by the assessee's counsel. The disallowance of interest liability on share application money was not further addressed in the judgment. en-us Wed, 22 Nov 2023 00:00:00 +0530 Fri, 24 Nov 2023 07:42:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446050 The ITAT Delhi partially allowed the appeal of the assessee. It ruled in favor of the assessee regarding the disallowance of brokerage expenses and the denial of deduction under section 80-IAB, referencing prior decisions and legal provisions. The penalty proceedings under section 271(1)(c) were dismissed as not pressed by the assessee's counsel. The disallowance of interest liability on share application money was not further addressed in the judgment. Case-Laws Income Tax Wed, 22 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446050