https://www.taxtmi.com/caselaws?id=458845 ITAT Chennai allowed the assessee's appeal regarding disallowance of wages and salaries payable under section 153A assessment. The tribunal found that provisions wrongly claimed in original return under section 139(1) were properly reversed in section 153A return, with actual payments made in subsequent years through banking channels. The tribunal held that disallowing both the reversed provision and actual payment would result in unjustified double disallowance, therefore allowing deductions for actual payments made in respective assessment years. en-us Fri, 20 Sep 2024 00:00:00 +0530 Sat, 30 Nov 2024 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458845 ITAT Chennai allowed the assessee's appeal regarding disallowance of wages and salaries payable under section 153A assessment. The tribunal found that provisions wrongly claimed in original return under section 139(1) were properly reversed in section 153A return, with actual payments made in subsequent years through banking channels. The tribunal held that disallowing both the reversed provision and actual payment would result in unjustified double disallowance, therefore allowing deductions for actual payments made in respective assessment years. Case-Laws Income Tax Fri, 20 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458845