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2016 (8) TMI 1223 - AT - Income TaxDisallowance for provisions of leave encashment - Held that:- We restore the matter back to the file of the AO by setting aside the order of CIT(A) and decide the issue accordingly. The ground raised by the assessee is allowed for statistical purposes. Disallowance of compensation paid to the investor by the assessee - Held that:- As decided in assessee’s own case for AY-2002-03 wherein it has been held that the contractually and statutorily and assessee was duty bound to make the payment so as to keep assessee’s business interest and accordingly the compensation paid by the appellant was allowed as deduction by directing the AO.
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