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Festival Donations Allowed u/s 37(1); No 40A(ia) Disallowance Below TDS Limit; Interest Addition Upheld: ITAT Kolkata
Case Law Details
- TaxGuru Citation
- 2026 taxguru.in 2538
- Case Name
- Dakshin Damodar Cold Storage Private Limited Vs ACIT (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Kolkata
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Dakshin Damodar Cold Storage Private Limited Vs ACIT (ITAT Kolkata
Festival Donations Allowable u/s 37(1) – No TDS Disallowance When Bills Below Threshold – Preliminary Expenses @1/5th Allowed – Interest Addition Sustained – ITAT Kolkata
In this case, the assessee challenged various additions confirmed by CIT(A) for AY 2013-14. The ITAT partly allowed the appeal after examining each disallowance independently.
The Tribunal deleted the addition towards festival donations and subscriptions, holding that payments for puja, sports or local activities made to maintain busin...
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