The Lucknow Bench of Income Tax Appellate Tribunal (ITAT) has reduced the disallowance as the quantum of disallowance made by the Assessing Officer (AO) was excessive and unreasonably high. In this case the assessment order dated 10/12/2018 was passed under Section 143(3) of the Income Tax Act, 1961 whereby the assessee’s, Metal Cans and Closures…
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