https://www.taxtmi.com/caselaws?id=213178 The Tribunal upheld the CIT(A)'s decisions in both issues, dismissing the Revenue's appeal in its entirety on March 29, 2012. In the first issue regarding the disallowance of remuneration paid to directors under sections 40A(2) and 37 of the Income Tax Act, the Tribunal found no error in the CIT(A)'s order and stated that the AO failed to provide additional facts or arguments to question the remuneration. For the second issue concerning the disallowance under section 40(a)(ia) for TDS made under the wrong section, the Tribunal agreed with the assessee that once TDS is deducted, no disallowance can be made under section 40(a)(ia). en-us Thu, 29 Mar 2012 00:00:00 +0530 Sat, 12 May 2012 08:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213178 The Tribunal upheld the CIT(A)'s decisions in both issues, dismissing the Revenue's appeal in its entirety on March 29, 2012. In the first issue regarding the disallowance of remuneration paid to directors under sections 40A(2) and 37 of the Income Tax Act, the Tribunal found no error in the CIT(A)'s order and stated that the AO failed to provide additional facts or arguments to question the remuneration. For the second issue concerning the disallowance under section 40(a)(ia) for TDS made under the wrong section, the Tribunal agreed with the assessee that once TDS is deducted, no disallowance can be made under section 40(a)(ia). Case-Laws Income Tax Thu, 29 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213178