https://www.taxtmi.com/caselaws?id=312197 ITAT Mumbai set aside CIT(A)'s order and remanded multiple issues to AO for fresh examination. Regarding addition u/s 68 for share capital discrepancy where subscriber showed amount as deposits instead of share investment, tribunal noted inadequate time given for explanation and directed fresh opportunity. Sales promotion expenses disallowance for non-TDS deduction was remanded as AO failed to specify how expenses violated sec. 37(1) explanation. Workshop expenses disallowance of Rs.39 lakhs was upheld for remand due to insufficient evidence beyond ledger copies. Sundry balances write-off was remanded after assessee claimed amounts were offered as income in earlier years. Preliminary expenses u/s 35D limitation was remanded to examine training and development expenditure claims and their relevant assessment year. en-us Wed, 23 May 2018 00:00:00 +0530 Tue, 06 Feb 2024 23:10:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312197 ITAT Mumbai set aside CIT(A)'s order and remanded multiple issues to AO for fresh examination. Regarding addition u/s 68 for share capital discrepancy where subscriber showed amount as deposits instead of share investment, tribunal noted inadequate time given for explanation and directed fresh opportunity. Sales promotion expenses disallowance for non-TDS deduction was remanded as AO failed to specify how expenses violated sec. 37(1) explanation. Workshop expenses disallowance of Rs.39 lakhs was upheld for remand due to insufficient evidence beyond ledger copies. Sundry balances write-off was remanded after assessee claimed amounts were offered as income in earlier years. Preliminary expenses u/s 35D limitation was remanded to examine training and development expenditure claims and their relevant assessment year. Case-Laws Income Tax Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312197