ITAT Deletes Disallowances on Foreign Commission, Warranty Provision & 14A

Roomag Motors & Controls P.Ltd. Vs DCIT (ITAT Ahmedabad) ITAT Ahmedabad Deletes Disallowances on Foreign Commission, Warranty Provision & 14A; Partial Relief Granted to Rotomag Ahmedabad Tribunal delivered its order in the case of Rotomag Enertec Ltd. for AY 2014-15, where multiple disallowances aggregating to Rs.56.08 lakh were made by AO & sustained by the NFAC. The additions related to foreign commission payments, employees’ PF contribution, medical expenses of director, disallowance u/s 14A, addition of interest income based on Form 26AS mismatch & provision for warranty ...