https://www.taxtmi.com/caselaws?id=754736 The ITAT allowed the appeals of the assessee for statistical purposes, remanding the case to the CIT(A) for fresh adjudication. The CIT(A) had initially dismissed the appeal due to the perceived withdrawal under the Direct Tax Vivad Se Vishwas Scheme, 2020. The Tribunal highlighted the need for reconsideration on several issues, including disallowances under Section 40A(3), treatment of supplier credits as revenue receipts, and disallowance of deductions. The CIT(A) was also directed to address additional grounds and TDS credit issues, as well as the levy of interest under Section 234B, which were not resolved in favor of the appellant. en-us Fri, 19 Jan 2024 00:00:00 +0530 Fri, 28 Jun 2024 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754736 The ITAT allowed the appeals of the assessee for statistical purposes, remanding the case to the CIT(A) for fresh adjudication. The CIT(A) had initially dismissed the appeal due to the perceived withdrawal under the Direct Tax Vivad Se Vishwas Scheme, 2020. The Tribunal highlighted the need for reconsideration on several issues, including disallowances under Section 40A(3), treatment of supplier credits as revenue receipts, and disallowance of deductions. The CIT(A) was also directed to address additional grounds and TDS credit issues, as well as the levy of interest under Section 234B, which were not resolved in favor of the appellant. Case-Laws Income Tax Fri, 19 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754736