https://www.taxtmi.com/caselaws?id=65539 The Tribunal allowed the appeal, overturning the disallowance under Section 40(a)(ia) for failure to deduct tax at source, ruling that the arrangement constituted a sale contract, not a work contract. The disallowance of depreciation on goodwill was remanded for further examination to determine if it qualifies as an intangible asset. The issue of charging interest under Sections 234B, 234C, and 234D was returned to the Assessing Officer for recalculations in accordance with the law, providing the assessee with a fair opportunity to present their case. en-us Fri, 19 Dec 2008 00:00:00 +0530 Wed, 01 Aug 2012 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65539 The Tribunal allowed the appeal, overturning the disallowance under Section 40(a)(ia) for failure to deduct tax at source, ruling that the arrangement constituted a sale contract, not a work contract. The disallowance of depreciation on goodwill was remanded for further examination to determine if it qualifies as an intangible asset. The issue of charging interest under Sections 234B, 234C, and 234D was returned to the Assessing Officer for recalculations in accordance with the law, providing the assessee with a fair opportunity to present their case. Case-Laws Income Tax Fri, 19 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65539