https://www.taxtmi.com/caselaws?id=245612 The Tribunal upheld the CIT (A)'s decision to delete the addition under section 40(a)(ia) for non-deduction of tax at source. The Tribunal found that as the interest amount was recovered by the contractee from running bills and no actual payment was made by the assessee, TDS provisions were not attracted. Additionally, since the contractee was a government company, the interest payment was exempt from TDS requirements. The Tribunal dismissed the revenue's appeal, affirming the CIT (A)'s decision. en-us Fri, 18 Oct 2013 00:00:00 +0530 Thu, 03 Apr 2014 08:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245612 The Tribunal upheld the CIT (A)'s decision to delete the addition under section 40(a)(ia) for non-deduction of tax at source. The Tribunal found that as the interest amount was recovered by the contractee from running bills and no actual payment was made by the assessee, TDS provisions were not attracted. Additionally, since the contractee was a government company, the interest payment was exempt from TDS requirements. The Tribunal dismissed the revenue's appeal, affirming the CIT (A)'s decision. Case-Laws Income Tax Fri, 18 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245612