https://www.taxtmi.com/caselaws?id=458438 The HC dismissed the appeal against the ITAT's order concerning the Assessment Year 2007-08. It affirmed that the CIT's directive to disallow expenditure under Section 40(a)(ia) exceeded the jurisdiction under Section 263. The ITAT's decision to annul the CIT's order for re-examination by the AO was upheld, with no substantial legal question identified. en-us Tue, 15 Nov 2022 00:00:00 +0530 Sat, 26 Oct 2024 19:28:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458438 The HC dismissed the appeal against the ITAT's order concerning the Assessment Year 2007-08. It affirmed that the CIT's directive to disallow expenditure under Section 40(a)(ia) exceeded the jurisdiction under Section 263. The ITAT's decision to annul the CIT's order for re-examination by the AO was upheld, with no substantial legal question identified. Case-Laws Income Tax Tue, 15 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458438