https://www.taxtmi.com/caselaws?id=236870 The Tribunal allowed the assessee's appeal (ITA No.124/Agra/2013) by deleting the addition of Rs.21,33,377/- made under Section 40(a)(ia) of the Income Tax Act, finding that the payments were reimbursements of expenses and not subject to tax deduction at source. The Tribunal also dismissed the Revenue's appeal (ITA No.152/Agra/2013) by upholding the deletion of Rs.12,39,836/- made under Section 14A, as the assessee had sufficient own funds to cover investments in shares, thus no disallowance was warranted. en-us Fri, 28 Jun 2013 00:00:00 +0530 Fri, 05 Aug 2022 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236870 The Tribunal allowed the assessee's appeal (ITA No.124/Agra/2013) by deleting the addition of Rs.21,33,377/- made under Section 40(a)(ia) of the Income Tax Act, finding that the payments were reimbursements of expenses and not subject to tax deduction at source. The Tribunal also dismissed the Revenue's appeal (ITA No.152/Agra/2013) by upholding the deletion of Rs.12,39,836/- made under Section 14A, as the assessee had sufficient own funds to cover investments in shares, thus no disallowance was warranted. Case-Laws Income Tax Fri, 28 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236870