Taxpayer Challenges AO’s Disallowance which is not in terms with Section 115JB of Income Tax Act: ITAT restores matter back for Factual Verification [Read Order]
The disallowance made by the Assessing Officer was unjustified as the adjustments made to the deduction claimed are not in terms with Section 115JB of the Income Tax Act, 1961
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) responded to the taxpayer’s challenge against the Assessing Officer’s disallowance, which was deemed inconsistent with Section 115JB of the Income Tax Act, 1961 by directing the restoration of the matter for factual verification. The fact in brief is the assessee is a resident…
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