ITAT Orders Re-Examination of Rs.83 Lakh Dispute for Shipping Firm, Cites Contingent Liability Error [Read Order]
The return was processed under Section 143(1), where an adjustment was made disallowing an amount of Rs.83,46,490 on account of alleged contingent liability
By Adwaid M S - On May 29, 2025 7:37 am - 2 mins read
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has directed a fresh verification in the case of Howe Robinson Shipping India Pvt. Ltd. regarding an addition of Rs.83,46,490, which had been treated as a disallowable contingent liability by the tax department under Section 143(1) of the Income Tax Act for the Assessment Year…
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