https://www.taxtmi.com/caselaws?id=214737 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s orders on both issues. The disallowance of expenses under section 40(a)(i) was deleted as the income did not accrue in India, making it not liable for TDS. Additionally, the addition of interest paid on late TDS and service tax under section 115JB was ruled irrelevant as the assessee had a book loss and was not subject to tax under that section. The decisions were supported by judicial pronouncements and a CBDT Circular, ensuring expenses and interest payment were not disallowed or added for tax purposes. en-us Fri, 29 Jun 2012 00:00:00 +0530 Wed, 11 Jul 2012 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214737 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s orders on both issues. The disallowance of expenses under section 40(a)(i) was deleted as the income did not accrue in India, making it not liable for TDS. Additionally, the addition of interest paid on late TDS and service tax under section 115JB was ruled irrelevant as the assessee had a book loss and was not subject to tax under that section. The decisions were supported by judicial pronouncements and a CBDT Circular, ensuring expenses and interest payment were not disallowed or added for tax purposes. Case-Laws Income Tax Fri, 29 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214737