https://www.taxtmi.com/caselaws?id=235464 The Court dismissed the income tax appeal, finding that the expenses disallowance under Section 40(a)(ia) was not justified as tax had been deducted at source by M/s Mercator Lines Ltd. The Tribunal's decision was upheld, noting that the expenses were fully paid and not remaining payable at the relevant period end, aligning with the Special Bench decision in Merilyn Shipping and Transport Ltd. The Court concluded that the revenue could not benefit from the disallowance, as TDS had been deducted, and no error was found in the Tribunal's decision. en-us Tue, 09 Jul 2013 00:00:00 +0530 Mon, 28 Oct 2013 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235464 The Court dismissed the income tax appeal, finding that the expenses disallowance under Section 40(a)(ia) was not justified as tax had been deducted at source by M/s Mercator Lines Ltd. The Tribunal's decision was upheld, noting that the expenses were fully paid and not remaining payable at the relevant period end, aligning with the Special Bench decision in Merilyn Shipping and Transport Ltd. The Court concluded that the revenue could not benefit from the disallowance, as TDS had been deducted, and no error was found in the Tribunal's decision. Case-Laws Income Tax Tue, 09 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235464