https://www.taxtmi.com/caselaws?id=62517 The Tribunal partly allowed the appeal, directing the AO to compute additions based on profits embedded in sale proceeds for undisclosed transportation charges and allowing claimed expenditure without applying s. 40(a)(ia) for non-deduction of tax at source due to lack of valid contracts. The decisions favored the assessee due to absence of agreements, emphasizing the significance of valid contracts in tax deduction cases. en-us Thu, 23 Jul 2009 00:00:00 +0530 Mon, 04 Sep 2023 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62517 The Tribunal partly allowed the appeal, directing the AO to compute additions based on profits embedded in sale proceeds for undisclosed transportation charges and allowing claimed expenditure without applying s. 40(a)(ia) for non-deduction of tax at source due to lack of valid contracts. The decisions favored the assessee due to absence of agreements, emphasizing the significance of valid contracts in tax deduction cases. Case-Laws Income Tax Thu, 23 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62517