Deduction Disallowance Remanded Because Net Impact Was Nil

Syntel Private Limited Vs ACIT (ITAT Mumbai) ITAT Mumbai Remands ₹33.83 Cr Disallowance: Schedule BP Claim Needs Fresh Verification; MAT Addition Also Set Aside In Syntel Private Limited vs. ACIT, Circle 11(2)(2), Mumbai (ITA No.6863/Mum/2025, AY 2018-19), the Mumbai ITAT “G” Bench partly allowed the Assessee’s appeal by setting aside the disallowance of ₹33.83 crore made u/s 37 and the corresponding addition to book profits u/s 115JB, and remanded the matter to the AO for de novo adjudication. The Assessee had claimed ₹33.83 crore under Schedule BP – “Any other amount allowabl...