I T Appellate Body backs rejection of Paisabazaar expense claim worth 145 91 crore

145 91 crore disallowed but tax impact hinges

Paisabazaar has lost its bid to claim expenses worth Rs 145.91 crore for FY23 and FY22 after the Commissioner of Income Tax Appeals upheld an earlier rejection. The decision raises the company’s taxable income, though it’s still under further appeal and said to have no immediate financial impact as authorities check how past losses are adjusted against current income.