2022-TIOL-144-ITAT-BANG
Sri Mukesh Gupta Vs DCIT
Whether advancing interest free loans to the employer company cannot be a ground for claiming deduction of interest expenditure from the salary income received from it - YES: ITAT
- Assessee's appeal dismissed: BANGALORE ITAT
2022-TIOL-143-ITAT-BANG
Maheshwari Woods Pvt Ltd Vs DCIT
Whether employees' contribution paid by assessee before due date of filing of return of income u/s 139(1) is an allowable deduction - YES : ITAT
- Assessee's appeal allowed: BANGALORE ITAT
2022-TIOL-142-ITAT-MUM
Ajaykumar Satyapal Singh Vs CIT
Whether revisionary jurisdiction is rightly excercised by CIT as AO has not invoked sec 50C and has passed an erroneous order prejudicial to interest of revenue - YES : ITAT
- Assessee's appeal dismissed: MUMBAI ITAT
