https://www.taxtmi.com/caselaws?id=217381 The ITAT allowed the assessee's appeal in part by deleting the ad-hoc disallowance of payments to winning punters, reducing the disallowance under section 40A(3) for cash payments, restricting unverifiable payments disallowance, and deleting the addition under section 40(a)(ia) for non-deduction of TDS. The ITAT directed adjustments for interest under section 234B and for examining the principal-agent relationship regarding royalty payments to other clubs. The revenue's appeal was partly allowed, and the decision was pronounced on 16.7.2012. en-us Mon, 16 Jul 2012 00:00:00 +0530 Thu, 06 Sep 2012 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217381 The ITAT allowed the assessee's appeal in part by deleting the ad-hoc disallowance of payments to winning punters, reducing the disallowance under section 40A(3) for cash payments, restricting unverifiable payments disallowance, and deleting the addition under section 40(a)(ia) for non-deduction of TDS. The ITAT directed adjustments for interest under section 234B and for examining the principal-agent relationship regarding royalty payments to other clubs. The revenue's appeal was partly allowed, and the decision was pronounced on 16.7.2012. Case-Laws Income Tax Mon, 16 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217381