https://www.taxtmi.com/caselaws?id=213323 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of Rs. 1,60,41,692 under section 40(a)(ia). The CIT(A) concluded that the provisions of section 40(a)(ia) were not applicable to the assessee's case as TDS was not required on reimbursements to C and F agents. Additionally, the Tribunal affirmed the CIT(A)'s admission and reliance on Board Circular No. 723, clarifying the non-applicability of certain TDS provisions to payments made to shipping agents of non-resident shipowners or charterers. The Department's appeal was dismissed. en-us Fri, 09 Dec 2011 00:00:00 +0530 Tue, 22 Mar 2016 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213323 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of Rs. 1,60,41,692 under section 40(a)(ia). The CIT(A) concluded that the provisions of section 40(a)(ia) were not applicable to the assessee's case as TDS was not required on reimbursements to C and F agents. Additionally, the Tribunal affirmed the CIT(A)'s admission and reliance on Board Circular No. 723, clarifying the non-applicability of certain TDS provisions to payments made to shipping agents of non-resident shipowners or charterers. The Department's appeal was dismissed. Case-Laws Income Tax Fri, 09 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213323