2023 (4) TMI 1368 - HC - Income Tax

Disallowance in respect of future expenses claimed as deduction - HELD THAT - Issue involved in this appeal is covered by the decision of this Court in M/s. Quest Global Engineering Services Pvt. Ltd 2021 (3) TMI 434 - KARNATAKA HIGH COURT holding the questions of law in Assessee s favour.

Summary

The High Court of Karnataka dismissed the Revenue's appeal challenging the ITAT order regarding future expenses claimed as deduction. The Tribunal's decision was upheld in favor of the Assessee based on a previous court decision. The appeal was dismissed, and the questions of law were answered in favor of the Assessee.