https://www.taxtmi.com/caselaws?id=761902 ITAT Mumbai upheld CIT(A)'s order restricting accommodation entries addition to 15% instead of 100%, finding no evidence that sub-contractor work was not performed. The tribunal rejected revenue's appeal for complete disallowance and commission addition of Rs. 8,81,300, noting lack of material evidence. Section 80IA deduction claim was allowed as AO conceded similar claims were permitted in subsequent years. Section 14A disallowance appeal was dismissed since assessee's suo moto disallowance of 1% exceeded AO's computed 0.5% rate, and shares were purchased from interest-free borrowings. en-us Wed, 16 Oct 2024 00:00:00 +0530 Tue, 19 Nov 2024 13:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761902 ITAT Mumbai upheld CIT(A)'s order restricting accommodation entries addition to 15% instead of 100%, finding no evidence that sub-contractor work was not performed. The tribunal rejected revenue's appeal for complete disallowance and commission addition of Rs. 8,81,300, noting lack of material evidence. Section 80IA deduction claim was allowed as AO conceded similar claims were permitted in subsequent years. Section 14A disallowance appeal was dismissed since assessee's suo moto disallowance of 1% exceeded AO's computed 0.5% rate, and shares were purchased from interest-free borrowings. Case-Laws Income Tax Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761902