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2021 (1) TMI 403 - ITAT SURATDisallowance of expenditure on premium paid on investment amortized - HELD THAT:- As decided in own case [2019 (11) TMI 643 - ITAT AHMEDABAD] deduction of amortized expenditure on premium on Government Securities is allowable as expenditure. Amortization expenditure on government securities held as HTM are allowable as deduction. - Decided in favour of assessee. Non deduction of TDS u/s 194J - Disallowance of processing charges for MICR paid to State Bank of India - HELD THAT:- Once the recipient has offered the amount for taxation, no disallowance at the hand of payee. Therefore, we direct the ld.AO to verify the fact if the SBI have paid the tax on MICR charges paid by the assessee, the disallowance is made in case of assessee be deleted. In the result, ground no.2 is allowed for statistical purposes.
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