47 results for “disallowance”+ Section 56(1)(vii)clear
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Bench: Shri Veeravalli Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble
1) of the Act and similarly section 40A(3) has no application when the additions are made based on the impounded material. He therefore pleaded that the Ld. CIT(A) has rightly adjudicated and prayed for upholding the same. 53. We have heard both the sides and perused the material available on record. There is merit in the argument