Disallowance of loss due to Incorrect Comprehension of Section 43(6) of Income Tax Act: ITAT upholds order of CIT(A) [Read Order]

By Sunayana Dhal - On November 15, 2023 7:00 pm - 2 mins read
Disallowance of Loss - Incorrect Comprehension - Income Tax Act - ITAT - CIT(A) - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) upheld the order of the Commissioner of Income Tax (Appeal) [CIT(A)] due to disallowance of loss due to incorrect comprehension of Section 43(6) of the Income Tax Act, 1961. The Departmental Representative submitted that the Assessing Officer (AO) rightly made an addition in the hands…

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