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The department passed an order under section 154 of the Income Tax Act against a rectification application filed by Crompton.

Income Tax Department imposes Tax Demand of Rs 4.21 Crore on Crompton Greaves over alleged excess refund

Sai Life Sciences Ltd received a Rs 2.54 crore tax demand for alleged non-deduction of TDS on non-resident payments.

Sitharaman also requested the tax officers to significantly reduce litigation and adopt technology to reduce human interventions with taxpayers.

ITAT allows deduction despite delay, holding audit report filing as procedural requirement under law.

ITAT deletes additions based on loose sheets, citing lack of corroborative evidence and linkage.

The Tribunal noted that AO and CIT(A) made adhoc disallowances without pointing out specific discrepancies in the same.