Deduction u/s. 43B allowed to the extent relevant evidences are furnished

Magnaquest Technologies Limited Vs DCIT (ITAT Hyderabad) ITAT Hyderabad held that deduction claimed under section 43B of the Income Tax Act supported by necessary documentary evidences is allowable. Accordingly, deduction allowed to the extent relevant evidences are furnished. Facts- The appellant-company is a limited company. The case was selected for scrutiny and notice u/s.143(2) of the Income Tax Act, 1961 dated 22.09.2019 was issued and served on the assessee. During the course of assessment proceedings, AO noticed that, the assessee has claimed an amount of Rs.4,10,61,665/- as any other...