Provision Based on Actual Bills Cannot Be Disallowed Without Verification: ITAT Mumbai

Grindwell Norten Limited Vs DCIT (ITAT Mumbai)

In Grindwell Norton Limited Vs DCIT, the ITAT Mumbai examined the validity of an adjustment made under Section 143(1) of the Income-tax Act for Assessment Year 2022–23. The adjustment pertained to disallowance of ₹5,23,94,136 claimed as provision for power liability.

The assessee had filed its revised return declaring total income of ₹4,12,57,79,905. While processing the return under Section 143(1), the Central Processing Centre (CPC), Bengaluru, proposed adjustments. Although most were dropped af

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