https://www.taxtmi.com/caselaws?id=250030 The Tribunal allowed the appeals filed by both the assessee and the revenue for statistical purposes. The appellant successfully challenged the disallowance of internet service provider payments under section 40(a)(ia) of the Income Tax Act, arguing that the payments did not constitute technical services. The appellant also raised concerns about retrospective amendments burdening them for past events. On the other hand, regarding the addition of unexplained cash credit in respect of share application money, the Tribunal reversed the CIT(A)'s order and remanded the matter for a detailed examination, emphasizing the need for thorough verification in tax assessments and appeals. en-us Fri, 27 Jun 2014 00:00:00 +0530 Thu, 31 Jul 2014 15:08:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250030 The Tribunal allowed the appeals filed by both the assessee and the revenue for statistical purposes. The appellant successfully challenged the disallowance of internet service provider payments under section 40(a)(ia) of the Income Tax Act, arguing that the payments did not constitute technical services. The appellant also raised concerns about retrospective amendments burdening them for past events. On the other hand, regarding the addition of unexplained cash credit in respect of share application money, the Tribunal reversed the CIT(A)'s order and remanded the matter for a detailed examination, emphasizing the need for thorough verification in tax assessments and appeals. Case-Laws Income Tax Fri, 27 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250030