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2021 (3) TMI 1298 - AT - Income TaxAddition u/s. 40A(2)(b) - disallowance on accrued interest on NPA, contingent provision for standard assets and disallowance @ 50% on payment to Cosmos Foundation - HELD THAT:- There was no contrary order as on today against the order of this Tribunal in assessee’s own case. We note that as rightly pointed out by the ld. AR that there is no order placed on record to show that the order of this Tribunal in assessee’s own case involving the issue on hand is reversed or modified by the Hon’ble High Court of Bombay and the AO made 50% disallowance on payment made to Cosmos Foundation only on the ground that the appeal is pending for admission before the Hon’ble High Court of Bombay. CIT(A) clearly held since there was no order from the Hon’ble High Court, the order of this Tribunal is binding on the Revenue authorities involving the same issue. Therefore, we do not find any infirmity in the order of CIT(A) and it is justified. Accordingly, the ground raised by the Revenue is dismissed.
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