Conference Expenses Deletion Set Aside for Rule 46A Violation

ITO Vs Neonatal Health Academy (ITAT Varanasi) Conference & Seminar Expenses—Deletion by CIT(A) Set Aside for Rule 46A Violation; Matter Remanded In ITO, Varanasi v. Neonatal Health Academy (ITA Nos. 131 & 132/VNS/2024; AY 2019–20), the ITAT Varanasi Circuit Bench addressed Revenue’s challenge to (i) deletion of a large disallowance of conference and seminar expenses and (ii) consequential penalty under Section 270A. The Assessing Officer had disallowed ₹2,34,93,962 claimed as conference/seminar expenses for want of details during assessment. The CIT(A) deleted the disallowance...