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
ITAT upholds Disallowance of Knitting Charges Under Section 40A(3), allows Set-Off of Carry Forward Losses
Appeal Against OrderIncome Tax
The ITAT upheld the disallowance of knitting charges under Section 40A(3) but allowed the set-off of carry-forward losses. This decision provides clarity on the tax treatment of specific expenses and highlights the importance of proper documentation.
