Search: disallowance

2 results for “disallowance”+ Section 35Cclear

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Section 260A2 Section 35C2 Section 352 Section 35(1)(iii)2 Deduction2

PRINCIPAL COMMISSIONER OF INCOME TAX, KOLKATA vs. M/S. MACO CORPORATION (INDIA) PVT. LTD.

In the result, the appeal filed by the revenue

ITA/42/2020HC Calcutta12 Aug 2022

Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA

Section 260ASection 35Section 35(1)(iii)Section 35C

Section 35C of the Act having been cancelled with retrospective effect. On facts, the tribunal noted that there is nothing on record to show that the respondent/assessee connived with the scheme of arrangement between the concerns in bogus billing etc. The factual finding recorded by the CIT(A) is to the following effect: “5.5 It has been brought

PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL-I, KOLKATA vs. TAPATI SAHANA

In the result, the appeal filed by the revenue