https://www.taxtmi.com/caselaws?id=776345 The ITAT Raipur held that since the assessee did not claim the amount as an expenditure or deduction under section 43B, the authorities erred in treating it as taxable income. Following the Chhattisgarh HC decision in Grand Motors, the ITAT's order imposing tax liability was set aside. The substantial question of law was decided in favor of the assessee. en-us Wed, 30 Jul 2025 00:00:00 +0530 Fri, 08 Aug 2025 05:20:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776345 The ITAT Raipur held that since the assessee did not claim the amount as an expenditure or deduction under section 43B, the authorities erred in treating it as taxable income. Following the Chhattisgarh HC decision in Grand Motors, the ITAT's order imposing tax liability was set aside. The substantial question of law was decided in favor of the assessee. Case-Laws Income Tax Wed, 30 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776345