Addition on account of lesser amount considered as claw back payment unsustained

AB Insurance Brokers Pvt Limited Vs DCIT (ITAT Kolkata)

ITAT Kolkata held that addition on account of lesser amount considered as claw back payment unsustained as in case, a higher amount is to be considered as claw back payment, then a higher amount is to be allowed as a deduction not character of income

Facts- The assessee has preferred the present appeal contested that CIT(A) has erred in confirming the addition of Rs. 15,41,574/-. It is alleged that though the assessee

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