https://www.taxtmi.com/caselaws?id=461955 ITAT Mumbai allowed deduction of MVAT paid under protest under section 43B, following SC precedent in Kedarnath Jute that statutory tax liability is deductible even when disputed and not recorded in books under mercantile accounting. For section 80G deduction on CSR expenses, ITAT held denying deduction would create double disallowance against legislative intent, remanding to AO for verification of qualifying conditions. Regarding section 35AC deduction and trait fee, ITAT admitted additional evidence as vital to controversy and remanded to AO for fresh examination with proper hearing opportunity. en-us Fri, 29 Nov 2024 00:00:00 +0530 Sat, 10 May 2025 23:25:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461955 ITAT Mumbai allowed deduction of MVAT paid under protest under section 43B, following SC precedent in Kedarnath Jute that statutory tax liability is deductible even when disputed and not recorded in books under mercantile accounting. For section 80G deduction on CSR expenses, ITAT held denying deduction would create double disallowance against legislative intent, remanding to AO for verification of qualifying conditions. Regarding section 35AC deduction and trait fee, ITAT admitted additional evidence as vital to controversy and remanded to AO for fresh examination with proper hearing opportunity. Case-Laws Income Tax Fri, 29 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461955