https://www.taxtmi.com/caselaws?id=761370 ITAT Delhi allowed appellant's claim for lease rental deduction as allowable revenue expenditure, noting genuineness was unquestioned and relying on Kedarnath Jute Mills Ltd. precedent. Bogus conveyance telephone expenses disallowance was upheld as appellant failed to controvert CIT(A)'s findings. Sundry creditor taxability matter was remitted to AO for fresh consideration with proper hearing opportunity. Section 40(a)(ia) disallowance was directed for AO verification regarding prior year tax treatment and TDS compliance before determining allowability. en-us Wed, 28 Aug 2024 00:00:00 +0530 Fri, 08 Nov 2024 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761370 ITAT Delhi allowed appellant's claim for lease rental deduction as allowable revenue expenditure, noting genuineness was unquestioned and relying on Kedarnath Jute Mills Ltd. precedent. Bogus conveyance telephone expenses disallowance was upheld as appellant failed to controvert CIT(A)'s findings. Sundry creditor taxability matter was remitted to AO for fresh consideration with proper hearing opportunity. Section 40(a)(ia) disallowance was directed for AO verification regarding prior year tax treatment and TDS compliance before determining allowability. Case-Laws Income Tax Wed, 28 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761370