https://www.taxtmi.com/caselaws?id=763974 The ITAT Ahmedabad allowed the assessee's appeals for AYs 2006-07 and 2007-08, deleting all additions and disallowances made by the AO and confirmed by the CIT(A). The tribunal held that disallowances of prior period expenses, contributions to pension and gratuity funds, and treatment of upfront lease premium were not sustainable given the assessee's established entitlement to exemption under sections 11 and 12 of the Income Tax Act. All consequential levies were also deleted. en-us Mon, 30 Dec 2024 00:00:00 +0530 Wed, 01 Jan 2025 08:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763974 The ITAT Ahmedabad allowed the assessee's appeals for AYs 2006-07 and 2007-08, deleting all additions and disallowances made by the AO and confirmed by the CIT(A). The tribunal held that disallowances of prior period expenses, contributions to pension and gratuity funds, and treatment of upfront lease premium were not sustainable given the assessee's established entitlement to exemption under sections 11 and 12 of the Income Tax Act. All consequential levies were also deleted. Case-Laws Income Tax Mon, 30 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763974