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2018 (6) TMI 398 - AT - Income TaxAddition u/s 40A - Held that:- As decided in assessee's own case [2015 (9) TMI 840 - ITAT DELHI] section 40A(3) has been wrongly invoked as admittedly no expenses relatable to the addition has been claimed and the assessee has successfully demonstrated that the payment were reimbursement made by CWPPL – Decided in favour of assessee. Disallowance on account of additional payment made - Held that:- As decided in assessee's own case [2015 (9) TMI 840 - ITAT DELHI] the material not having been confronted to the assessee in the face of the argument that even otherwise has no nexus has not been rebutted by the Revenue by any evidence or argument as the thrust of the parties attention remained focused on addressing the additions made. Addition on account of interest on post dated cheques - Held that:- As decided in assessee's own case fter examining the loose papers seized at the time of search at the assessee’s premises, it was noticed that interest is paid on the PDCs only during the period of extension of PDCs – CIT(A) rightly directed the AO to re-compute the interest on PDCs at the time of extension of the PDCs - if it is not possible to work out the extension of PDCs in each case, then the AO is directed to recomputed interest on PDCs after six months from the date of issue of the PDCs – the order of the CIT(A) is upheld – Decided against revenue.
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