https://www.taxtmi.com/caselaws?id=760268 The ITAT ruled in favor of the assessee, allowing the appeal against the CIT (A)'s order concerning the disallowance of Rs. 3,82,508/-. The Tribunal found that the amount was mistakenly categorized under contingent liability, leading to potential double taxation. It emphasized correcting the procedural error to prevent unjust financial consequences, thereby upholding principles of natural justice and ensuring accurate representation of disallowed expenses. en-us Wed, 16 Oct 2024 00:00:00 +0530 Fri, 18 Oct 2024 09:14:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760268 The ITAT ruled in favor of the assessee, allowing the appeal against the CIT (A)'s order concerning the disallowance of Rs. 3,82,508/-. The Tribunal found that the amount was mistakenly categorized under contingent liability, leading to potential double taxation. It emphasized correcting the procedural error to prevent unjust financial consequences, thereby upholding principles of natural justice and ensuring accurate representation of disallowed expenses. Case-Laws Income Tax Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760268