https://www.taxtmi.com/caselaws?id=233861 The Tribunal upheld the Commissioner of Income Tax(Appeals) decision regarding the disallowance on transaction charges under section 40(a)(ia) for the Assessment Year 2007-08, ultimately dismissing the revenue's appeal. The Tribunal found the assessee's belief in not deducting tax at source on transaction charges to be genuine, supported by past practice and legal precedent. The Tribunal emphasized that the decision was specific to the relevant year and would not impact future assessments. en-us Fri, 05 Apr 2013 00:00:00 +0530 Sat, 18 May 2013 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233861 The Tribunal upheld the Commissioner of Income Tax(Appeals) decision regarding the disallowance on transaction charges under section 40(a)(ia) for the Assessment Year 2007-08, ultimately dismissing the revenue's appeal. The Tribunal found the assessee's belief in not deducting tax at source on transaction charges to be genuine, supported by past practice and legal precedent. The Tribunal emphasized that the decision was specific to the relevant year and would not impact future assessments. Case-Laws Income Tax Fri, 05 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233861