Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Disallowance of 25% Purchases for Non-Filer Suppliers : ITAT Deletes Addition Based on Proof of...
Auditing and AssuranceIncome Tax
The ITAT has ruled that an addition made due to purchases from non-filing suppliers should be deleted, as the assessee was able to furnish proof of the genuineness of the transactions. This is a significant victory for the company, as it clarifies that a company can be held responsible for the misdeeds of another person. The court's decision is a crucial reminder to all that they must be diligent in their dealings.
