https://www.taxtmi.com/caselaws?id=248767 The ITAT dismissed the Revenue's appeal on the disallowance of Rs.2.46 crores under section 40(a)(ia) for non-deduction of TDS on commission payments, upholding the CIT(A)'s decision. The ITAT allowed the Assessee's appeal for statistical purposes on the disallowance of interest expenses amounting to Rs.1,04,948, directing a reevaluation by the CIT(A) regarding the availability of interest-free funds and the timing of loans. The judgments were based on legal provisions, precedents, and factual analysis presented by the parties. en-us Fri, 13 Jun 2014 00:00:00 +0530 Tue, 24 Jun 2014 08:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248767 The ITAT dismissed the Revenue's appeal on the disallowance of Rs.2.46 crores under section 40(a)(ia) for non-deduction of TDS on commission payments, upholding the CIT(A)'s decision. The ITAT allowed the Assessee's appeal for statistical purposes on the disallowance of interest expenses amounting to Rs.1,04,948, directing a reevaluation by the CIT(A) regarding the availability of interest-free funds and the timing of loans. The judgments were based on legal provisions, precedents, and factual analysis presented by the parties. Case-Laws Income Tax Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248767