Kolkata ITAT Allows Section 43B Deduction; No Merger of Section 143(1) with Scrutiny Assessment

Advertisement ITC Infotech India Limited Vs DCIT (ITAT Kolkata) The ITAT Kolkata allowed the assessee’s appeal against the order of the Joint Commissioner of Income Tax (Appeals) concerning disallowances under Section 43B of the Income-tax Act. The assessee’s return for AY 2021-22 was processed under Section 143(1), wherein deductions aggregating to ₹11,25,44,273 under Section 43B were disallowed despite the tax audit report stating that the amounts, comprising bonus of ₹8,25,74,086, miscellaneous items of ₹71,09,943, and leave encashment of ₹2,08,60,243, had been paid d...