The Appellate Tribunal addressed various issues: (1) Discrepancy ...

ITAT accepts assessee's explanations and evidence, deletes AO's additions. Payment to retired partners justified. TDS discrepancy to be verified.

Case Laws Income Tax

June 26, 2024

The Appellate Tribunal addressed various issues: (1) Discrepancy in income due to different accounting methods for fees, service tax, and GST. Assessee's reconciliation supported by explanations and evidence accepted, and addition by AO deleted. (2) Payment to retired partners as per partnership deed for incomplete work justified; addition deleted. (3) Short credit of TDS to be verified as directed by CIT(A), remitted back to AO for verification. Assessee's grounds allowed on all issues.

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The Appellate Tribunal addressed various issues: (1) Discrepancy ...

ITAT accepts assessee's explanations and evidence, deletes AO's additions. Payment to retired partners justified. TDS discrepancy to be verified.

Case Laws Income Tax

June 26, 2024

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