Festival Donations Allowed u/s 37(1); No 40A(ia) Disallowance Below TDS Limit; Interest Addition Upheld: ITAT Kolkata

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 towar

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