Expense allowed for earlier year cannot be disallowed in subsequent years if facts & circumstances are same

Brief of the case:

ITAT Jaipur held in DCIT Vs. M/s Ashiana Ispat Ltd that if the facts and circumstances were same in the assesse’s own case of earlier years then, disallowance could not be made if the same was allowed in the earlier years by any appellate authority. It could not be the case that on one hand the revenue was accepting the facts and circumstances as genuine and on the other hand in the later years the same facts and circumstances were considered as non –genuine.

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