https://www.taxtmi.com/caselaws?id=754523 The ITAT Mumbai addressed multiple issues in this assessment case. The tribunal upheld disallowance of provisions for effluent disposal expenses and sales returns, finding them based on estimates without scientific basis rather than crystallized liabilities. However, it directed the AO to provide consequential relief in subsequent years if amounts were credited back as income to avoid double taxation. Regarding TDS liability under section 40(a)(ia), the matter was remanded to examine applicability of proviso to section 201(1). The tribunal deleted additions for alleged bogus purchases from parties in Jammu and Kashmir, noting that non-response to section 133(6) notices via ITBA portal during communication breakdown following Article 370 revocation, despite adequate supporting documentation, was insufficient basis for disallowance. en-us Tue, 27 Feb 2024 00:00:00 +0530 Wed, 26 Jun 2024 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754523 The ITAT Mumbai addressed multiple issues in this assessment case. The tribunal upheld disallowance of provisions for effluent disposal expenses and sales returns, finding them based on estimates without scientific basis rather than crystallized liabilities. However, it directed the AO to provide consequential relief in subsequent years if amounts were credited back as income to avoid double taxation. Regarding TDS liability under section 40(a)(ia), the matter was remanded to examine applicability of proviso to section 201(1). The tribunal deleted additions for alleged bogus purchases from parties in Jammu and Kashmir, noting that non-response to section 133(6) notices via ITBA portal during communication breakdown following Article 370 revocation, despite adequate supporting documentation, was insufficient basis for disallowance. Case-Laws Income Tax Tue, 27 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754523